SCHEDULE 1NLS
Removal of members
4
(1)
The Scottish Ministers may, by written notice, revoke the appointment of a member if—
(a)
the member becomes insolvent,
(b)
the member has been absent from 3 consecutive meetings without the permission of NLS,
(c)
the member is otherwise unfit to be a member or unable for any reason to discharge the functions of a member.
(2)
For the purposes of sub-paragraph (1)(a), a member becomes insolvent when—
(a)
the member's estate is sequestrated,
(b)
the member grants a trust deed for creditors or enters into a composition contract,
(c)
a voluntary arrangement proposed by the member is approved, or
(d)
the member is adjudged bankrupt.