Section 77: Duties of receiver
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
77. Duties of receiver
The receiver shall—
(a) commence proceedings leading to compulsory liquidation of the
assets of the financial institution;
(b) take such other measures as it thinks fit in accordance with section 78 in respect of a financial institution of which it has taken
possession within a period of not more than 30 days from the
date of the taking of possession; or
(c) terminate the taking of possession.
(S. 77 came into operation on 1 June 2007.)
[Issue 1] B3 – 54
Revised Laws of Mauritius
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Questions this section answers
- What must a receiver decide within 30 days of taking over a bank?