Termination of the Conservatorship

The conservatorship shall serve at the pleasure of the commission and shall continue until terminated by the commission: (1) upon the award of a new gaming license pursuant to 205 CMR 131.02; or (2) upon the voluntary resignation of the conservator in which case the commission shall appoint a new conservator in accordance with 205 CMR 130.00; or (3) upon a non-reviewable finding by the commission to appoint a replacement in accordance with this 205 CMR 130.00.