Section 26. The two directors who have been longest in office shall go out of office at the general meeting

26. The two directors who have been longest in office shall go out of office at the general meeting. Any director so retiring may be re-elected at such meeting; and if any question arise as to which of the directors who have been the same time in office shall retire, such question shall be decided by the directors by ballot. Qualification of directors. 27. Clause 1.—No person shall be qualified to serve as a director of a Bank who is not a proprietor or holder in his own right of unencumbered stock or shares of such Bank, to the nominal amount of ten thousand rupees at the least. Disqualification of directors. Clause 2.—No person shall be qualified to serve as a director— If he holds the office of director, provisional director, promoter, agent or manager of any other joint-stock Bank established, or having a branch or agency, in British India, or advertised as about to be established, or to have a branch or agency, in British India; or If he is a salaried officer of Government not specially authorized by the Governor General in Council to serve as a director; And the office of director shall be vacated— If the person holding it resigns his office or dies; If he accepts or holds any other office of profit under the Bank; If he becomes insolvent or bankrupt, or compounds with his creditors; 1f