Section 1154
Statutory text (Thai original)
ถ้ากรรมการคนใดล้มละลาย หรือตกเป็นผู้ไร้ความสามารถไซร้ ท่านว่ากรรมการคนนั้นเป็นอันขาดจากตำแหน่ง
Verbatim from the Royal Gazette / Office of the Council of State
English translation
If a director becomes bankrupt or incapacitated, his office is vacated.
This English translation is provided for reference only and has not yet been firm-verified — always rely on the Thai original.
Firm annotation
Section 1154 is part of Book 3 (Specific Contracts) of the Thai Civil and Commercial Code. This entry is awaiting firm-authored commentary; the statutory text above is verbatim from the Office of the Council of State (OCS Krisdika) Thai source, with the English translation from the FAO/UN FAOLEX repository. Always rely on the Thai original for legal proceedings.