In force2023 Revised EditionCurrent version · 2023 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Deposit Protection Act · 2023 Revised Edition · Part 4
Deposit Protection Act · 2023 Revised Edition · Part 4
Official textFrom Attorney General's Chambers, unchanged
The date for computing liability for obligatory payment by the
Corporation shall be the date of the commencement of winding up of the member institution.
Corporation
“Corporation” means the Brunei Darussalam Deposit Protection Corporation established by section 3;
The date for computing liability for the discretionary payment in respect of an event under section 52 shall be the date when the event first occurs.
Corporation
“Corporation” means the Brunei Darussalam Deposit Protection Corporation established by section 3;
member institution
“member institution” means any financial institution deemed to be a member institution under section 27 whose membership has not been cancelled under section 31 or terminated under section 32;
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