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Jurisdiction
Title Mutual Savings and Finance Company Act.
Instrument Number 2779 GLIN ID 79207
Instrument Class
LawFind Additional Information
Issuance Date 25/12/1975
Publication
KwanboFind Additional Information
Publication Issue Number
7106 Find Additional Information
Publication Date 25/12/1975
Publication Specifics  
Related Legal Resources No related legal resources available
Summary
(English)
Law 2779 of July 25, 1975 amends the Mutual Savings and Finance Company Act. Provides that the Minister of Finance may issue an order to increase paid-in capital amount of mutual savings and finance companies if necessary, and an order to deposit whole or part of the increased capital amount; and provides that if there is possibility to harm public interests due to savings and finance company's insolvent operation or financial status, the Minister of Finance may issue an order of moratorium, order to transfer contracts, manage business and assets, transfer and merge business, modify contract, such as, contract amount, etc., modify business purposes, change directors, prohibit changing shareholders' names, etc.. (40articles; 820(8)-820(13)pp.)
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Summary record last updated on 01/03/2009