# Bank of England Act 1946, Paragraph 5

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

Where the office of a director is vacated under the foregoing paragraph, or by death or resignation, a person appointed to fill the vacancy shall hold office until the time when the person in whose place he was appointed would regularly have retired, and shall then retire.

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Source: https://www.legislation.gov.uk/ukpga/Geo6/9-10/27/schedule/SECOND/paragraph/5 (the official version)
Page: https://openlegislation.uk/bank-of-england-act-1946/schedule-SECOND/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.