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Advance payment

ActIn forceProvision 53 of 86

Section 53

The Corporation may in respect of sections 51 and 52 make advance payment to the depositors of the member institution.

Parent legislation

Nearby in this law

Section 50Payments
Section 51Obligatory payment
Section 52Discretionary payment
Section 53Advance payment
Section 54Date of computing liability
Section 55Calculation of protected foreign currency deposits for obligatory payment
Section 56How return on deposit to be calculated for obligatory payment