If you are a resolution manager, you keep working until someone else is appointed to take your place. This is true even if you resign or your appointment period ends. You will stop being a resolution manager if the Bank tells you in writing that they are not appointing someone else at that time. The Bank can decide not to appoint someone else, and if they do, you will stop being a resolution manager, as seen in similar legislation, such as the s 141(4) of 1989.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS537236.
364: Bank may appoint replacement, or
"The Bank can choose a new person to do the job if the old one leaves or can't work."
366: Licensed deposit taker continues to be in resolution, or
"A licensed deposit taker stays in resolution even if the person in charge of fixing its problems stops working."
A resolution manager (A) continues in office until a successor is appointed despite—
Subsection (1) does not apply if the Bank informs A by written notice that no successor is to be appointed at that time.
