Dormant Accounts Act, 2001

Conditions of office of members of Board.

33.—(1) A member of the Board (including the chairperson) may at any time be removed from membership of the Board by the Minister if, in the Minister's opinion, the member has become incapable through ill-health of performing his or her functions, or has committed stated misbehaviour, or his or her removal appears to the Minister to be necessary for the effective performance by the Board of its functions.

(2) A member of the Board shall cease to be and shall be disqualified from being a member of the Board where the member—

(a) is adjudicated bankrupt,

(b) makes a composition or arrangement with creditors,

(c) is, on conviction on indictment by a court of competent jurisdiction, sentenced to imprisonment, or

(d) is disqualified or restricted from being a director of any company (within the meaning of the Companies Acts, 1963 to 1999).

(3) A person who ceases to be an officer of the Minister for the purposes of appointment under section 32 (2)(a), ceases to hold office as a member of the Board.

(4) A member of the Board shall, subject to this Act, hold office on the terms and conditions (including terms and conditions relating to remuneration and allowances) that may be determined by the Minister, with the consent of the Minister for Finance.