Where a co-operative bank, being an insured bank within the meaning of the Deposit Insurance and Credit Guarantee Corporation Act, 1961, is wound up and the Deposit Insurance Corporation has become liable to the depositors of the insured bank under sub-section (1) of section 16 of that Act, the Deposit Insurance Corporation shall be reimbursed by the liquidator or such other person in the circumstances, to the extent and in the manner provided in section 21 of that Act.
Section 88: Reimbursement to the Deposit Insurance Corporation by liquidator.
The Multi-State Co-operative Societies Act, 2002Central Act · Act 39 of 2002
Where this provision sits
| Act | The Multi-State Co-operative Societies Act, 2002 |
|---|---|
| Section | 88 |
| Marginal note | Reimbursement to the Deposit Insurance Corporation by liquidator. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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