AGRICULTURAL DEVELOPMENT CREDIT AND CO-OPERATIVE BANK ACT - 1965 (ACT 286)

Section - 11 - Disqualification of Directors

(1) No person shall be qualified to be appointed a Director of the Bank who, having been declared an insolvent or a bankrupt under any law in force in Ghana or in any other country, is an insolvent, or bankrupt, who has not been discharged.

(2) A Director of the Bank shall cease to hold office if:-

(a) he becomes a person of unsound mind or incapable of carrying out his duties;

(b) he is declared an insolvent or a bankrupt under any law in force in Ghana or in any other country or compounds with his creditors;

(c) he is convicted of a felony or any offence involving fraud or dishonesty;

(d) he is guilty of serious misconduct in relation to his duties;

(e) in the case of a person possessed of professional qualifications, he is disqualified or suspended, otherwise than at his own request, from practising his profession in Ghana or in any other country by order of any competent authority made in respect of him personally, or

(f) he absents himself from three consecutive meetings of the Board without leave of absence from the Chairman, or in the case of the Chairman, from the Member of the Council responsible for Finance. [As substituted by Agricultural Development Bank Act, 1965 (Amendment) Decree, 1967 (NLCD 182) s. 8].