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| Name | Dissolution of commercial bank |
|---|---|
| Description | The method for dissolving a commercial bank or a branch is by voluntary will based on a decision of the shareholders' meeting or board of directors, following which an application is made, and if granted, subject to various obligations such as public notificaiton and establishing a liquidation committee; or by force according to the decision of the Bank of Lao PDR in which the licence will be withdrawn and a liquidation committee appointed. |
| Comments | - |
| Validity From | 25-09-2009 |
| Validity To | 31-12-9999 |
| Reference | Article 24, 25 and 26 |
| Status | Active |
| Measure Type | Other measures |
| Agency Name | Bank of the Lao PDR |
| Legal Document | Decree On the Implementation of the Law on Commercial Bank No. 275/PM, dated 25 September 2009 |