of October 29, 2020 No. ZR-479
About modification of the Law "About Bankruptcy of Banks, Credit Institutions, the Investment Companies Managing Investment Funds and Insurance Companies"
Accepted by National Assembly of the Republic of Armenia on October 27, 2020
Article 1. In the Item "in" and the second paragraph of the Item "e" of part 2 of article 31 of the Law of November 6, 2001 No. ZR-262 "About bankruptcy of banks, credit institutions, the investment companies managing investment funds and insurance companies" the words "10 million" shall be replaced with words "16 million", and the words "5 million" - the words "7 million".
Article 2. This Law becomes effective since December 1, 2020 and extends also to the deposit agreements existing at the time of entry into force of this Law.
President of the Republic
A. Sargsyan
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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