191. Designation of bridge institution

the designation shall expire two years after it is made, unless the designation is—

extended under paragraph (b); or

terminated under paragraph (c);

the Minister may, on the recommendation of the Bank, extend the designation for one or more periods each of which may not exceed one year; and

the designation shall terminate on the earlier of the date of occurrence of any one of the following events:

the Bank ceases to hold shares in the bridge institution;

all or a substantial amount of the assets of the bridge institution are acquired, or all or a substantial amount of the liabilities of the bridge institution are assumed, or both, by a person that is not a bridge institution; or

the Minister, on the recommendation of the Bank, decides that the designation shall be terminated.