Cap. 574 Art. 29Termination of operations.

(1)The shareholders may terminate the Bank’s operations on advice of the Board or on their own initiative.

(2) After such termination, the Bank shall forthwith cease all activities, except those incidental to the orderly realisation, conservation and preservation of its assets and settlement of its obligations.

(3) The Minister, acting on the advice of the Supervisory Board, shall appoint liquidators and give them instructions for carrying out the liquidation.