Section

SECTION 34: Intervention powers in failing bank

Part of: Banks and Other Financial Institutions Act 2020

(1) Where a bank informs the Bank that (a) it is likely to become unable to meet its obligations under this Act; (b) it is about to suspend payment to any extent; (c) it is insolvent; or (d) where, after an examination under section 33…

Read the full section with Sanctum

Sanctum is the key to all NLC content: judgments, principles, statutes, rules and forms. Choose a plan from 1 month to 36 months.

Get Access I’m a member — Log in