← belizelaw.ai · International Financial Services, Cap. 272 · PART IV — Administration
Vacation of seat as a member of the Commission
Cap. 272, s. 14 · Revised Edition 2020
(1) The Minister shall terminate the appointment of the Chairperson or any other member of the Commission where the Chairperson or such member, as the case may be–
(a) has been absent from three consecutive meetings of the Commission without the permission of the Commission;
24
(b) has become bankrupt or made any arrangement with his creditors;
(c) has been convicted of a criminal offence punishable by a term of imprisonment of three months or more;
(d) is incapacitated by physical or mental illness from attending more than three meetings of the Commission; or;
(e) is otherwise unable or unfit to discharge the functions of a member.
(2) Notwithstanding sub-section (1), a member of the Commission may resign his office by giving written notice to the Commission, copied to the Minister and, as the case may be,
to the person who, or organisation which, nominated him.
(3) Every termination of membership on the Commission pursuant to sub-sections (1) and (2) shall be published in the Gazette and the member’s seat on the Commission shall become vacant on the date of such termination.
(4) Any member of the Commission who ceases to be a member shall be eligible for re-appointment except where he ceases to be a member by virtue of sub-section (1) or where he would have ceased to be a member in that manner but for his voluntary resignation.
Have a question about this section? Ask belizelaw.ai →