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Law No. 135 Of 28 October 1996

Original Language Title:  LEGE nr. 135 din 28 octombrie 1996

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LEGE No. 135 of 28 October 1996 on the authorization of the National Bank of Romania to grant loans to cover the population's requests for withdrawal of bank deposits constituted with the banking companies "Dacia Felix"-S.A. and "Credit Bank"-S.A.
ISSUER PARLIAMENT
Published in OFFICIAL MONITOR NO. 264 of 28 October 1996



The Romanian Parliament adopts this law + Article 1 (1) The National Bank of Romania, as a lender of last resort, shall be authorized to grant to the banking companies "Dacia Felix"-S.A. and "Credit Bank"-S.A. a credit for covering the requests to withdraw the amounts representing deposits of the population within the limit of a ceiling of 10,000,000 lei per depositor, exclusively related interest, regardless of the currency in which the deposit is constituted or the number or size of deposits. (. The total amount of the credit shall be determined by reference to the said ceiling. The conditions for granting and using the credit will be established by norms of the National Bank of Romania. + Article 2 (1) The amounts representing the deposits of the population for the reimbursement of which the National Bank of Romania shall grant loans according to 1 will be immediately filed by the banking companies "Dacia Felix"-S.A. and "Credit Bank"-S.A. at the House of Savings and Consemnations on behalf of depositors. From the date of recording of the amounts to the House of Savings and Consemnations, depositors benefit from the term interest or may dispose in any other way, including the receipt of the amounts in cash. (2) The syndic judge and the competent court shall supervise the application of paragraph ((1). + Article 3 Recovery of credits provided in art. 1 will be made, as a priority, from the receipts made by the banking companies "Dacia Felix"-S.A. and "Credit Bank"-S.A. during the judicial reorganization period, and in the case of their judicial liquidation, from the funds obtained from the sale of the goods the debtor's estate, in the order of priority provided for in art. 106 106 section 2 2 of Law no. 64/1995 on the procedure of reorganisation and judicial liquidation. This law was adopted by the Senate at the meeting of October 1, 1996, in compliance with the provisions of art 74 74 para. (2) of the Romanian Constitution. p. SENATE PRESIDENT VALER SUIAN This law was adopted by the Chamber of Deputies at the meeting of October 9, 1996, in compliance with the provisions of 74 74 para. (2) of the Romanian Constitution. CHAMBER OF DEPUTIES PRESIDENT ADRIAN NASTASE ---------------------