Loss of membership

(1) Any member of the Committee who, (a) dies; (b) is adjudicated bankrupt; (c) is certified insane; (d) holds any office or profit in the gift or disposal of the Association; (e) ceases to be a registered member of the 7 (f) is absent from three consecutive meetings of the without valid reasons acceptable to the Committee; or (g) is serving a prison sentence, shall be deemed to have vacated his seat. (2) Where a member of the Committee has vacated his seat by virtue of subsection (1) of this section, a by-election shall be held within seven days by the remaining members of the Committee which elected such member and the person elected as a result of the by-election shall hold office for the remainder of the period which the member who has vacated his seat would have held office if he had not vacated his seat. (3) Where any member of the Committee is indebted to the Association in any sum exceeding five thousand dollars and the Association has issued process against such member, then until final judgment, or a settlement, whichever is earlier, that member shall be deemed to have been suspended from his Provided that where judgment is obtained against such member, he shall not be eligible to hold any office in the Association until that judgment is satisfied. (4) Where any member of the Association or Committee has borrowed any sum of money from the Association and where the Association has issued writ of summons or other process against such officer demanding payment of the principal and/or interest due thereon, then from the date of issue of such process and until judgment or until settlement, the said officer shall stand suspended from the enjoyment of his office, and shall not be entitled to exercise any of the duties, rights, privileges, powers and functions of his office and shall not be eligible to offer himself or hold any office in 8