PART V - DIRECTION AND CONTROL OF DEFAULTING INSURER
Section 60. Provisions relating to appointment under subsection 59(3) or (4).
(1) The person appointed by the Bank under paragraph 59(3)(a) or (b) or paragraph 59(4)(a) shall be appointed for such period as may be determined by the Bank, and the appointment, upon expire of the initial period, may be extended for such further period as the Bank may determine.
(2) Notwithstanding subsection (1), the Bank may revoke that person's appointment at any time without assigning any reason.