3Subject to the following provisions, a person shall hold and vacate office as chairman or other member of the Authority in accordance with the terms of the instrument appointing him.
4If a member of the Authority becomes or ceases to be chairman, the Secretary of State may vary the terms of the instrument appointing him to be a member so as to alter the date on which he is to vacate office.
5A person may at any time resign office as chairman or other member of the Authority by giving written notice of his resignation signed by him to the Secretary of State.
6(1)The chairman of the Authority may at any time be removed from office by notice in writing given to him by the Secretary of State.
(2)If a person ceases to be chairman by virtue of sub-paragraph (1), he shall cease to be a member of the Authority.
7(1)If the Secretary of State is satisfied that a member of the Authority other than the chairman—
(a)has been absent from meetings of the Authority for a period longer than three consecutive months without the Authority’s permission,
(b)has become bankrupt or made an arrangement with his creditors, or
(c)is unable or unfit to discharge the functions of a member,
the Secretary of State may remove that member by notice in writing.
(2)In the application of sub-paragraph (1) to Scotland—
(a)the reference to a member’s having become bankrupt shall be read as a reference to sequestration of the member’s estate having been awarded, and
(b)the reference to a member having made an arrangement with his creditors shall be read as a reference to his having made a trust deed for the behoof of his creditors or a composition contract.