A company may go into liquidation when its liabilities are greater than its assets.
Frequently Asked Questions
- Can a depositor leave his/her deposit with the transferee institution?
- What is the insurance coverage on a trust account held under the provisions of an irrevocable express trust?
- Is the insurance protection increased by placing funds in two or more types of deposit accounts in the same institution?
- Does the borrower’s obligations to the institution continue after the institution is closed?
Did You Know?
- Misconception: Mutual Funds are covered by Deposit Insurance. - Fact: Mutual funds, be they general or issued as a member’s proprietary funds, are NOT covered by deposit insurance.
