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(ii) The conduct of the elected officer must show one of the following (i) Misfeasance means performing a lawful act in a wrongful manner, such as approving advances without verifying securities, or ignoring audit objections deliberately.

(ii) Breach of trust means using his position for personal gain, helping relatives or associates in securing loans, or concealing irregularities. (iii) Negligence means failing to act when duty required him to prevent loss, or neglecting to supervise matters entrusted to the committee. Ordinary mistakes of judgment or minor procedural lapses cannot amount to misfeasance or breach of trust. There must be a finding of deliberate or grossly careless conduct which directly resulted in loss to the society.