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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 22 March 2002 - onwards
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23. Effect of revocation of registration where credit institution is a company or building society that is being wound up.

(1) This section applies to a credit institution whose registration is revoked under section 19 and the institution is a company or building society that is being wound up.

(2) Except as otherwise provided by this Act, the liquidator of a credit institution to which this section applies has a duty to ensure that the institution performs the obligations imposed on the institution by or under this Act.

(3) The duty imposed by subsection (2) is in addition to the liquidator's duties in respect of the winding up of the institution.

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