Reimbursement to Deposit Insurance Corporation requires liquidator to repay insurer following winding up of an insured cooperative bank. When an insured cooperative bank is wound up and the deposit insurer has paid depositors, the insurer is to be reimbursed by the liquidator or other ... Summary
Reimbursement to Deposit Insurance Corporation requires liquidator to repay insurer following winding up of an insured cooperative bank.
When an insured cooperative bank is wound up and the deposit insurer has paid depositors, the insurer is to be reimbursed by the liquidator or other person in the circumstances, to the extent and in the manner provided under the Deposit Insurance statutory scheme.
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