# Bank of England Act 1946, Paragraph 2

Extent: E+W+S+N.I.

The term of office of the directors shall be four years, and four of them shall retire each year on the anniversary of the appointed day:
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Source: https://www.legislation.gov.uk/ukpga/Geo6/9-10/27/schedule/SECOND/paragraph/2 (the official version)
Page: https://openlegislation.uk/bank-of-england-act-1946/schedule-SECOND/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.