1981 BANKING LAW. COPYRIGHT RODERICK H. SEEMAN

Article 26 (The Suspension, etc., of Business)

The Minister of Finance, when he deems it necessary in light of the condition of the business or assets of a bank, can request of the bank a plan for improvement in order to secure healthy operations, indicating the measues that should be taken and the time frame, or order a revision to the improvement plan which was filed, or to the extent necessary, for a set period of time, order the said bank, to suspend its business totally or in part, or deposit its assets, and order such other supervisory measures necessary.

2. The order based on the provisions of the previous Paragraph (including that requesting the filing of improvement plans) which are made when deemed necessary based on the sufficiency of the bank's own capital, must be as determined by the Ordinance of the Ministry of Finance in compliance with the classifications related to the sufficiency of own capital as determined by Ministry of Finance Ordinance.