| (1) |
A person may not be appointed as a member of the Board if that person— |
| (a) |
is not a South African citizen and ordinarily resident in the Republic; |
| (b) |
is an unrehabilitated insolvent; |
| (c) |
has at any time been convicted of an offence involving dishonesty, whether in the Republic or elsewhere, and sentenced to imprisonment without the option of a fine; or |
| (d) |
has been removed from an office of trust. |
| (2) |
A member of the Board must vacate office if— |
| (a) |
he or she becomes disqualified in terms of subsection (1), from being appointed as a member of the Board; |
| (b) |
he or she submits his or her resignation to the Minister in writing; |
| (c) |
he or she is declared by the High Court to be of unsound mind or mentally disordered or is detained under the Mental Health Care Act, 2002 (Act No. 17 of 2002); |
| (d) |
he or she has, without the leave of the Board, been absent from more than two consecutive meetings of the Board; or |
| (e) |
the Minister, after consultation with the Board, withdraws the appointment of that member because the member is incompetent or unfit to fulfil his or her duties. |
| (3) |
If a member of the Board dies or vacates office in terms of subsection (2), the Minister may, subject to section 2D, appoint a person to fill the vacancy for the unexpired portion of the period for which that member was appointed. |
[Section 2F inserted by section 3 of Notice No. 19, GG 39585, dated 8 January 2016]
Co-operatives Act, 2005
