10. Terms and conditions of office
(1) Subject to this Act, a member of the Board shall be appointed for such term of office, not exceeding 3 years, and on such conditions as the Governor may determine and specify in the instrument of his appointment and shall, upon the expiration of his term of office, be eligible for re-appointment.
(2) If a member of the Board ¾
(a) is an undischarged bankrupt or person whose property is subject to an order or arrangement under the laws relating to bankruptcy;
(b) becomes permanently incapable of performing his duties as a member;
(c) resigns his office by writing under his hand addressed to the Governor through the Minister, and his resignation is accepted;
(d) absents himself, except on leave duly approved by the Board, from 3 consecutive meetings of the Board; or
(e) is removed from office by the Governor for inability, inefficiency or misbehaviour,
the office of that member becomes vacant.
(3) Upon the office of a member of the Board becoming vacant, a person shall be appointed, in accordance with this Act, to the vacant office, but where the office of a member becomes vacant before the expiration of the term for which he was appointed, a person appointed in his place shall be appointed only for the balance of the term of his predecessor.