The Liquidator is appointed when the Court makes the winding-up order.
Frequently Asked Questions
- When is deposit insurance payable?
- What methods of payment may the DIC use in meeting its obligations to the depositors of a failed institution?
- What happens if a depositor expects to be paid an amount that is different from what the DIC pays?
- Will shareholders of an institution receive any part of their investment before depositors’ claims are satisfied?
Did You Know?
- Misconception: Deposit insurance can be claimed while the member institution is still continuing in operation. - Fact: Deposit insurance is ONLY activated upon closure of a member institution.
