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LAW OF THE REPUBLIC OF MOLDOVA

of July 21, 1995 No. 550-XIII

Law on liquidation of banks

(as amended on 29-12-2022)

The parliament adopts this law.

Chapter I 

Voided according to the Law of the Republic of Moldova of 06.10.2017 No. 202

Chapter I-1 General provisions

Article 1. Subject of the law

This law establishes the rules applied in the course of voluntary or involuntary liquidation of bank, and its subject is regulation of the ordered liquidation procedure of bank and its property for the purpose of protection of legitimate interests of creditors of bank.

Article 2. Subjects of the law

(1) This law is applied to the banks which are in process of liquidation and to liquidators of banks.

(2) the bank department of other state Performing activities in the territory of the Republic of Moldova which license is revoked is subject to liquidation according to this law.

Article 3. Concepts

The concepts used in this law matter, provided by the Law on activities of banks No. 202/2017 and the Law on National Bank of Moldova No. 548/1995.

Chapter II

Voided according to the Law of the Republic of Moldova of 06.10.2017 No. 202

Chapter III

Voided according to the Law of the Republic of Moldova of 06.10.2017 No. 202

Chapter III-1.

Voided according to the Law of the Republic of Moldova of 06.10.2017 No. 202

Chapter IV

Voided according to the Law of the Republic of Moldova of 06.10.2017 No. 202

Chapter V

Voided according to the Law of the Republic of Moldova of 06.10.2017 No. 202

Chapter V-1. Improvement measures

Article 37-1.

It is excluded according to the Law of the Republic of Moldova of 03.10.2016 No. 233

Article 37-2.

It is excluded according to the Law of the Republic of Moldova of 03.10.2016 No. 233

Article 37-3.

It is excluded according to the Law of the Republic of Moldova of 03.10.2016 No. 233

Chapter V-2. Special management

Article 37-4.

It is excluded according to the Law of the Republic of Moldova of 03.10.2016 No. 233

Article 37-5.

It is excluded according to the Law of the Republic of Moldova of 03.10.2016 No. 233

Article 37-6.

It is excluded according to the Law of the Republic of Moldova of 03.10.2016 No. 233

Article 37-7.

It is excluded according to the Law of the Republic of Moldova of 03.10.2016 No. 233

Article 37-8.

It is excluded according to the Law of the Republic of Moldova of 03.10.2016 No. 233

Article 37-9.

Voided according to the Law of the Republic of Moldova of 06.10.2017 No. 202

Article 37-10.

It is excluded according to the Law of the Republic of Moldova of 03.10.2016 No. 233

Article 37-11.

It is excluded according to the Law of the Republic of Moldova of 03.10.2016 No. 233

Article 37-12.

It is excluded according to the Law of the Republic of Moldova of 03.10.2016 No. 233

Article 37-13.

It is excluded according to the Law of the Republic of Moldova of 03.10.2016 No. 233

Article 37-14.

It is excluded according to the Law of the Republic of Moldova of 03.10.2016 No. 233

Article 37-15.

It is excluded according to the Law of the Republic of Moldova of 03.10.2016 No. 233

Article 37-16.

It is excluded according to the Law of the Republic of Moldova of 03.10.2016 No. 233

Article 37-17.

It is excluded according to the Law of the Republic of Moldova of 03.10.2016 No. 233

Article 37-18.

It is excluded according to the Law of the Republic of Moldova of 03.10.2016 No. 233

Chapter VI.

Voided according to the Law of the Republic of Moldova of 06.10.2017 No. 202

Chapter VI-1 Involuntary liquidation of bank

Article 38-1. General provisions about involuntary liquidation of bank

(1) in case of revocation of license of bank as a result of establishment at least one of the conditions of insolvency provided by part (2) article 22 of the Law on activities of banks No. 202/2017, or on one of the bases, stipulated in Article 22, except for Items f) and g) parts (1) and parts (3), the Law on activities of banks No. 202/2017, the National Bank on own initiative makes the decision on initiation of process of involuntary liquidation of bank.

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