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Section 79
Compulsory liquidation of a bank or financial institution
Compulsory liquidation of a bank or financial institution may occur in the following cases:-(a) If the payment period has been completed or if the deposit or other financial obligation to be paid immediately cannot be paid within the stipulated time, (b) If the capital of the bank or financial institution is negative, (c) If the National Bank recommends the liquidation of such bank or financial institution based on the inspection report of the bank or financial institution, (d) The shareholders or officers who have substantial ownership of the bank or financial institution frequently interfere with the rights and interests of the depositors and the development of the financial system. If it is found that actions leading to obstruction have been taken, (e) If it is found that this Act and the instructions given by the National Bank have been repeatedly violated, (f) If there are other conditions determined by the National Bank that will lead to compulsory liquidation of the bank or financial institution.