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
Payment under this Chapter by the Corporation in respect of any protected deposit discharges the Corporation from all liabilities to the extent of the amount of the payment made in respect of that deposit, and in no case is the Corporation under any obligation to see to the proper application in any way of the payment so made.
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;
deposit
“deposit” means a deposit as defined in section 2(3) of the Banking Order, 2006, a deposit as defined in section 2(3) of the Islamic Banking Order, 2008 and a deposit as defined in section 2 of the Finance Companies Act, as the case may be;
Part
Part