92N
In forceResignation
Part VIILloyd’s
Division 5Judicial trusteeship of designated security trust funds
92N Resignation
(1)
A judicial trustee appointed under this Division may resign that appointment by filing with the Federal Court a notice of resignation.
(2)
Within 28 days after the day on which the notice of resignation was filed with the Federal Court, the Court must:
(a)
accept the resignation; and
(b)
appoint another individual as judicial trustee.
(3)
A resignation under subsection (1) does not take effect until it is accepted by the Federal Court under subsection (2).
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