Trustee Savings Banks Act, 1989
|
Disqualification for being a trustee of a trustee savings bank. |
19.—(1) A person who— | |
(a) is adjudicated bankrupt, | ||
(b) makes a composition or arrangement with creditors, | ||
(c) was at any time personally liable pursuant to section 22 in respect of his conduct in the carrying out of his duties as a trustee of a trustee savings bank, | ||
(d) is sentenced to imprisonment for a term of not less than 6 months, or | ||
(e) is convicted of an offence involving fraud or dishonesty, | ||
shall be disqualified for being a trustee of a trustee savings bank. | ||
(2) A trustee of a trustee savings bank who— | ||
(a) is adjudicated bankrupt, | ||
(b) makes a composition or arrangement with creditors, | ||
(c) is personally liable pursuant to section 22 in respect of his conduct in the carrying out of his duties as such a trustee, | ||
(d) is sentenced to imprisonment for a term of not less than 6 months, or | ||
(e) is convicted of an offence involving fraud or dishonesty, | ||
shall forthwith become and be disqualified for being such a trustee. |