Section 56

How return on deposit to be calculated for obligatory payment

ActIn forceProvision 56 of 86

For the purpose of calculating the obligatory payment by the

Corporation in respect of any protected deposit protected by the Corporation where a winding up order has been made in respect of a member institution that holds the deposit, the principal, including return accrued, in relation to the deposit shall be included only up to the date of the winding up of the member institution.

Read in full context — Deposit Protection Act →

Section 56

How return on deposit to be calculated for obligatory payment

of Deposit Protection Act

ActIn forceProvision 56 of 86

For the purpose of calculating the obligatory payment by the

Corporation in respect of any protected deposit protected by the Corporation where a winding up order has been made in respect of a member institution that holds the deposit, the principal, including return accrued, in relation to the deposit shall be included only up to the date of the winding up of the member institution.

Read in full context — Deposit Protection Act →