2
15. Revaluation of assets, liabilities and share capital of troubled financial institutions.
16. Initial meeting of creditors and members.
17. Subsequent meetings of creditors and members.
PART IV
SPECIFIED PERSONS IN RELATION TO TROUBLED FINANCIAL INSTITUTIONS
18. Identification of persons responsible for causing financial institution to be troubled.
19. Special commissioners for taking evidence.
20. Forfeiture or vesting in State of rights of, or disposal of shares held by, specified
persons.
21. Attachment of assets of specified persons in satisfaction of their liabilities to
troubled financial institution.
22. Powers of administrator in relation to specified persons.
23. Transactions by specified persons.
24. Offences by specified persons.
25. Power of administrator to compromise with persons liable to be specified or
prosecuted.
PART V
SCHEMES OF RESOLUTION AND INTERIM MANAGEMENT OF SUCCESSOR FINANCIAL
INSTITUTIONS
26. Powers of administrator with respect to scheme of resolution.
27. Special provisions for repayment of depositors of troubled financial institutions.
28. Approval of scheme of resolution.
29. Consequences where resolution not possible.
30. Implementation of scheme of resolution and matters incidental thereto.
31. Duties of interim board.
PART VI
GENERAL
32. Arbitration where valuation of shares, etc. by administrator or Reserve Bank
disputed.
33. Persons employed by troubled financial institution before its administration.
34. Application of assets during administration.
35. Remuneration of administrator and assistant administrators.
36. Liabilities incurred by administrator and interim board to have preference over preadministration liabilities.
37. Period of administration excluded in determining preference under mortgage bond.