8.
| (1) A member of the Board nominated under subsection (1) (b) of section 7 shall hold office for a period of three years reckoned from the date of his nomination. |
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| (2) The Minister may remove any member of the Board, nominated under sub-section (1) (b) of section 7, from office
| | (a) if he is adjudged by a competent court to be of unsound mind; or | | |
| | (b) if he is adjudged by a competent court to be insolvent or guilty of an offence involving moral turpitude. | | |
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| (3) A member of the Board nominated under sub-section (1) (b) of section 7 may at any time resign his office by letter addressed to the person nominating such member. |
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| (4) In the event of a vacancy occurring in the member ship of the Board as a result of any member of the Board nominated under sub-section (1) (b) of section 7 vacating office, by death, resignation, removal from office, or other wise, another person shall, having regard to the provisions of section 7, be nominated to fill such vacancy. |
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| (5) Where another person is nominated to fill a vacancy- caused by the death, resignation, removal from office, or otherwise, of a member nominated under sub-section (1) (b) of section 7, the person so nominated shall hold such office during the unexpired part of the term of office of the member of the Board whom he succeeds. |
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| (6) Where any member of the Board nominated under sub-section (1) (b) of section 7, is by reason of illness, infirmity or absences from Sri Lanka for is period of not less than three months, temporarily unable to perform his duties, another person, may, having regard to the provisions of section 7, be nominated to act in his place. |
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| (7) Any member of the Board nominated under sub section (1) (b) of section 7, who is absent without leave from three consecutive ordinary meetings of the Board, shall be deemed to have vacated his office. |
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Sri Lanka Consolidated Acts