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
Where the Corporation has paid a protected depositor the full amount of payment payable to the protected depositor in respect of his protected deposits in accordance with this Act, no other person is entitled, in respect of the protected deposits, to payment under this Act.
Corporation
“Corporation” means the Brunei Darussalam Deposit Protection Corporation established by section 3;
Corporation
“Corporation” means the Brunei Darussalam Deposit Protection Corporation established by section 3;
depositor
“depositor” means a person — (a) whose account has been or is to be credited in respect of monies constituting a deposit or part of such deposit; or (b) to whom a member institution is liable in respect of an instrument issued for monies constituting a deposit or part of such deposit;
protected deposits
“protected deposits” means the deposits protected pursuant to section 45.
Part
Part