Asset Covered Securities Act, 2001
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Effect of revocation of registration where credit institution is a company or building society that is being wound up. |
23.—(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. |