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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 10 March 2003 - onwards
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13. Non-application of section 12.

(1) Where -

(a) an institution's licence or authorisation is revoked, withdrawn or suspended,

(b) the Central Bank gives a direction to an institution under -

(i) section 21 (as amended by section 38 of the Central Bank Act, 1989) of the Central Bank Act, 1971,

(ii) section 40 of the Building Societies Act, 1989,

(iii) section 26 of the Trustee Savings Banks Act, 1989, or

(iv) Regulation 27 or 29 of the European Communities (Licensing and Supervision of Credit Institutions) Regulations, 1992 (S.I. No. 395 of 1992),

(c) an examiner or adminstrator is appointed by the court to an institution, or

(d) an institution is -

(i) in receivership,

(ii) in liquidation,

(iii) being wound up, or

(iv) otherwise being dissolved,

no moneys shall be transferred after the relevant date by or on behalf of the institution to the Fund under section 12.

(2) Subsection (1) ceases to apply where, in respect of an institution -

(a) its licence or authorisation is restored or the suspension is terminated,

(b) a

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