Section 8
Vacation of office
of Labuan Financial Services Authority Act 1996
ActIn forceProvision 11 of 75
Section 8
The office of a member of the Authority shall be vacated—
(a)
if he dies;
(b)
if he has been convicted of any offence under any law;
(c)
if he becomes a bankrupt;
(d)
if he is of unsound mind or is otherwise incapable of discharging his duties; or
(e)
if he absents himself from three consecutive meetings of the Authority without leave of the Chairman or in the case of the Chairman, without leave of the Minister.