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r 5

Cessation of membership

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5 Cessation of membership

(1)

A member may by notice in writing delivered to the chairman of the Council resign from membership of the Foundation.

(2)

Subject to rule 3(5), membership of the Foundation continues —

(a)

in the case of a natural person, until resignation or death; and

(b)

in the case of a body corporate or unincorporate, for a period of 15 years from the date of qualification for membership, unless the membership is renewed by the further qualification for membership of the body.

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