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Section 88I
Priority of payment

(1) The amount received from the sale of property of the relevant commercial bank or financial institution in the process of reorganization shall be evaluated by the depositor, creditor and special administration group, and the payment of the amount to other persons deemed to be required to be paid and the allocation of the amount shall be done based on the priority of the following system:- (a) Implementation of the provisions of this Act For the bank and special administration group, expenses incurred for the salary and facilities of the employees, the fees of the professional businessmen employed in that regard and other related expenses, including the necessary expenses incurred in the process of development, (b) Deposit insurance with the prevailing law, not exceeding the limit of the total accepted claim amount of the depositor. If the amount up to the security or such minimum amount is paid to the depositor by a deposit insurance institution established by law, (c) Clause (b) Deposits that have been paid and outstanding, (d) Persons recognized as secured creditors by law Accepted claims. (2) If the amount of accepted claims of any category is insufficient to pay the amount of the accepted claims while paying according to the order mentioned in sub-section (1), the amount shall be proportionately disclosed to the claimants of the same category. (3) When paying claims to depositors or secured creditors, nationality, place of residence or Payment shall be made equally without discrimination on any grounds such as jurisdiction. (4) The accepted claims of secured creditors who submit their claims on time shall be paid with the proceeds from the sale of the secured property in first priority. The claim that such security has not been used will be the same as the claim of other creditors. (5) Section 88th. Sub-section (4) of the Special Administration Group shall set up a separate account and deposit two percent of the amount received from the sale of the property of the related commercial bank or financial institution for the purpose of carrying the liability related to the financial compensation that may be created. (6) Payment to the depositors and secured creditors. sub-section (5) The remaining amount after allocating the balance amount shall be paid to the other creditors or approved claimants of the commercial bank or financial institution and to the shareholders or persons who have assumed ownership in any other way. Section 88. Sub-section (3) of the BMOZIM appointed liquidator shall distribute proportionately on the basis of the priority set by the prevailing law BMOZIM.