26 claim, right or interest held by the creditor in relation to the troubled financial institution; (f) amend the memorandum and articles of association of the troubled financial institution; (g) amalgamate the troubled financial institution with any of its associates; (h) where two or more troubled financial institutions are administered by the same administrator, amalgamate both or any of them; (i) if so directed by the Reserve Bank, amalgamate the troubled financial institution with any other troubled financial institution administered by another administrator; (j) dissolve the troubled financial institution or any of its associates and secure the formation of one or more financial institutions, which shall be the successor financial institution or institutions to the troubled financial institution or any of its associates; (k) redistribute the assets and liabilities of the troubled financial institution and any of its associates between them or between its successor financial institution or institutions formed pursuant to paragraph (j); (l) dissolve the board of directors of the troubled financial institution and substitute therefor any assistant administrator; (m) confirm in office any director of the troubled financial institution; (n) appoint and vest the management of any successor financial institution in an interim board of directors of any successor financial institution which shall hold office until the next annual general meeting of the members of the institution following its administration. (2) An administrator may register a successor financial institution in any class of business referred to in section 6 of the Banking Act or as any other type of financial institution for the registration of which provision is made under any enactment, notwithstanding that the class of business for which the successor financial institution is registered is not the same as that carried on by the troubled financial institution. (3) Where the Reserve Bank has appointed administrators in respect of two or more troubled financial institutions and it gives the administrators a direction to amalgamate the troubled financial institutions concerned in terms of subsection (1)(i), it may itself, through those administrators, exercise all of the powers referred to in subsections (1) and (2) as if it were the sole administrator of both or all of the troubled financial institutions to be amalgamated. 27 Special provisions for the repayment of depositors of troubled financial institutions (1) In this section⎯ “depositor” means a person who made any deposit of money with a troubled financial institution otherwise than as a speculative investment; “speculative investment” means any money invested in a troubled financial institution with the object of securing a return on the investment in excess of the return on Treasury Bills at the time when the money was invested.

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