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(a) in case the vacancy occurs by reason of no candidate, or of less candidates than there were places to be filled, having been nominated at the last election relating to the designated body concerned, for the period for which the person would have held office had he been elected at that election, or, in case the vacancy is filled after the commencement of that period, for the remainder of that period, or
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(b) in case a member or director of such designated body occasions the vacancy, for the remainder of the period during which such member or director, had he continued to be such a member or director, would have held office.”.
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