Chapter 22:20 Sovereign Wealth Fund of Zimbabwe Act 10/2013 (b) he or she, or his or her spouse is a director of or is in the full-time employment of an entity in which the Fund has made any investment; or (c) he or she has been adjudged or otherwise declared insolvent or bankrupt in terms of a law in force in any country, and has not been rehabilitated or discharged; or (d) he or she has made an assignment to or arrangement or composition with his or her creditors in terms of a law in force in any country, and the assignment, arrangement or composition has not been rescinded or set aside; or (e) within the period of five years immediately preceding his or her proposed appointment, he or she has been sentenced— (i) in Zimbabwe, in respect of an offence; or (ii) outside Zimbabwe, in respect of conduct which, if committed in Zimbabwe, would have constituted an offence; to a term of imprisonment of not less than six months imposed without the option of a fine, whether or not any portion has been suspended, and has not received a free pardon; or (f) he or she has been convicted⎯ (i) in Zimbabwe, of an offence involving dishonesty; or (ii) outside Zimbabwe, in respect of any conduct which, if committed in Zimbabwe, would have constituted an offence involving dishonesty; and sentenced to a fine of any amount or to a term of imprisonment of any duration, whether or not any part of the sentence has been suspended. (2) A person who is— (a) a Senator or member of the National Assembly; or (b) a member of two or more other statutory bodies; (c) in the full-time employment of the State or the Board; shall not be qualified to be appointed or to hold office as a member: Provided that a person who is employed by the Reserve Bank may be appointed as a member. (3) For the purposes of subparagraph (2)(b), a person who is appointed to a council, board or other authority which is a local authority or statutory body or which is responsible for the administration of the affairs of a local authority or statutory body shall be regarded as a member of that local authority or statutory body. (4) Any person who, knowing that he or she is disqualified in terms of this paragraph to hold office as a director⎯ (a) attends any meeting of the Board as a member; or (b) performs any other act as a member; shall be guilty of an offence and liable to a fine not exceeding level four or to imprisonment for a period not exceeding three months or to both such fine and such imprisonment. Vacation of office by member 3. (1) The office of a member shall become vacant— (a) one month after he or she gives notice in writing to the Minister that he or she intends to resign that office, or after the expiry of such other period of notice as the member and the Minister may agree; or 17