182. Additional provisions relating to assumption of control

Upon assuming control of the whole or part of the business, affairs or property of the institution, where the Bank gives its approval in writing for the director or chief executive officer to remain in his appointment pursuant to paragraph 180(2)(a), any remuneration payable to the director or chief executive officer of the institution shall be determined by the Bank, in relation to the activity required or authorized by the Bank or the appointed person.

Notwithstanding anything contained in any contract of service or any other agreement relating to his appointment, the suspension of the director or chief executive officer under paragraph 180(2)(a) shall not entitle him to claim any compensation for such suspension.

An order under this Subdivision shall not have the effect of—

Where the Bank or the appointed person sells or disposes of the whole or part of the business or property of the institution pursuant to subsection 180(6), any person aggrieved by the transacted price may appeal on the transacted price to the Assessor Committee and section 221 shall apply.