Credit Institutions (Stabilisation) Act 2010


Resignation and vacancy in office, etc.

19.— (1) A special manager may resign by giving 2 months’ written notice addressed to the Minister.

(2) The Minister may remove the special manager for any reason.

(3) If a special manager resigns or is removed, the Minister may appoint another special manager by instrument in writing.

(4) The resignation or removal of a special manager does not terminate the special management of the relevant institution concerned.