State Act
44AN
Section 44AN. Reimbursement to Deposit Insurance Corporation.
The Bihar Co-operative Societies Act, 1935
Act no. 6 of 19351935In forceJharkhand (State Act)
44 AN. Reimbursement to Deposit Insurance Corporation. – Where a Cooperative Bank, being an insured bank within the meaning of Deposit Insurance Corporation Act, 1961 (47 of 1961) is wound up or is taken into liqudation and the Deposit Insurance Corporation has become liable to pay to the depositors of the insured bank under sub-section (1) of section 16 of that Act, the Deposit Insurance Corporation shall be reimbursed in the circumstances to the extent and in the manner provided in section 21 of that Act.