Section 88: Liquidation of a financial institution
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.
88. Liquidation of a financial institution
On completion of the procedures provided under section 87, the Bankruptcy Court shall declare the liquidation of the financial institution and shall
terminate its juridical existence in Mauritius.
(S. 88 came into operation on 1 June 2007.)
B3 – 59 [Issue 3]
Banking Act
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Questions this section answers
- When is a failed bank's legal existence in Mauritius formally ended?