Section Sch3-2 — Building Act 2004: Qualifications of members

2 Qualifications of members (1) A natural person who is not disqualified by this clause may be a member. (2) The following persons are disqualified from being a member: (a) a person who is an undischarged bankrupt: (b) a person who is prohibited from being a director or promoter of, or being concerned or taking part in the management of, an incorporated or unincorporated body under the Companies Act 1993 , or the Securities Act 1978 , or the Securities Markets Act 1988 , or the Takeovers Act 1993 : (c) a person who is subject to a property order made under section 10 , section 11 , section 12 , section 30 , or section 31 of the Protection of Personal and Property Rights Act 1988 , or whose property is managed by a trustee corporation under section 32 of that Act: (d) a person who has been convicted of an offence punishable by imprisonment for a term of 2 years or more or who has been sentenced to imprisonment for any other offence, unless that person has obtained a pardon or served the sentence or otherwise suffered the penalty imposed on the person: (e) a person who has failed to disclose all interests under clause 1 . Subclause (2)(b) was substituted, as from 25 October 2006, by section 25 Securities Amendment Act 2006 (2006 No 46).