Section 58
Corporation may pay return on obligatory payment
ActIn forceProvision 58 of 86
Section 58
Where the Corporation makes an obligatory payment under section 51, the Corporation may at its sole discretion pay, in addition to the amount the Corporation is obliged to pay, return on that amount at a rate
Deposit Protection
B.L.R.O. 7/2023 41
determined by the Corporation for the period commencing on the date of the winding up in respect of a member institution that holds the deposit and ending on the date of the making of the payment in respect of the deposit, but the aggregate of the payments made under this section and section 51 in relation to the deposit shall in no case exceed $50,000.