Section 5: Cessation of membership.

(1) A member of the Board of Trustees shall cease to hold office if he-
(a) becomes of unsound mind ;
(b) becomes bankrupt or makes a compromise with his creditors;
(c) is convicted of a felony or any offence involving dishonesty; or
(d) is guilty of serious misconduct in relation to his duties.
(2) A member of the Board of Trustees may be removed from office by the President if he is satisfied that it is not in the interest of the Fund or public that the member should continue in that office.
(3) A member of the Board of Trustees, other than an ex-officio, may resign his appointment by a notice in writing under his hand, addressed to the President.
(4) Where a vacancy occurs in the membership of the Board of Trustees, it shall be filled by the appointment of a successor to hold office for the remainder of the term of office of his predecessor, so that the successor shall represent the same interest and shall be appointed by the President.