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COMPANIES CLAUSES CONSOLIDATION ACT 1845 - SECT 86 

Cases in which office of director shall become vacant.

86. If any of the directors at any time subsequently to his election accept or
continue to hold any other office or place of trust or profit under
the company, or be either directly or indirectly concerned in any contract
with the company, or participate in any manner in the profits of any work to
be done for the company, or if such director at any time cease to be a holder
of the prescribed number of shares in the company, then in any of the cases
aforesaid the office of such director shall become vacant, and thenceforth he
shall cease from voting or acting as a director.

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© 1845 Crown Copyright

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