Section 71: Notice and publication of voluntary liquidation

71. Notice and publication of voluntary liquidation The financial institution shall— (a) not later than 30 days from the receipt of an authorisation under section 70, send by mail a notice of voluntary liquidation, specifying such information as the central bank may prescribe, to all depositors, other creditors, and persons otherwise entitled to the funds or property held by the financial institution as a fiduciary, lessor of a safe deposit box, or bailee; (b) post a notice of voluntary liquidation conspicuously on the premises of each office and branch of the financial institution; and (c) give publication of the voluntary liquidation in such manner as the central bank may direct. (S. 71 came into operation on 1 June 2007.)