Resignation of Bond Administrators Article 711 A Bond administrator may resign with the consent of the Bond-Issuing Company and the bondholders meeting. In such cases, if there is no other Bond administrator, such Bond administrator must specify a Bond administrator to succeed to the administration of the Bonds in advance.
Notwithstanding the provisions of the preceding paragraph, a Bond administrator may resign on any ground provided for in the entrustment contract under the provisions of Article 702;provided, however, that this does not apply if such contract does not have provisions regarding Bond administrators to succeed to the administration of the Bonds.
