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Deposit Takers Act 2023

Crisis management and resolution - Resolution manager - Appointment of resolution manager

363: Resolution manager may resign

You could also call this:

"A resolution manager can quit their job by telling the Bank in writing."

Illustration for Deposit Takers Act 2023

You can resign as a resolution manager by giving the Bank written notice. The Bank will get a notice in writing from you when you want to resign. You can do this if you are a resolution manager.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS537233.

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362: Bank may terminate appointment of resolution manager, or

"The Bank can end a resolution manager's job at any time."

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364: Bank may appoint replacement, or

"The Bank can choose a new person if the old manager leaves or can't do the job."

Part 7Crisis management and resolution
Resolution manager: Appointment of resolution manager

363Resolution manager may resign

  1. A resolution manager may resign office by notice in writing to the Bank.

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