Termination of office12.

(1)

If the trustees are satisfied that a trustee–

(a)

has without the permission of the trustees been absent from meetings of the trustees–

(i)

during a period when three such meetings have been held; or

(ii)

for a period of three consecutive months;

whichever of those periods is the longer; or

(b)

has become bankrupt or made an arrangement with the creditors of the trustee; or

(c)

is incapacitated by physical or mental illness from discharging the functions of a trustee; or

(d)

is otherwise unable, unwilling or unfit to discharge the functions of a trustee;

the trustees may declare the office of such a trustee vacant and thereupon such office shall become vacant.

(2)

Any trustee may resign office at any time upon giving to the trustees not less than three weeks written notice of such intention.