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I-13.2.2 - Deposit Institutions and Deposit Protection Act
Section 40.15
Disposition versions
40.15. Unless otherwise provided in this Act, no civil, administrative or arbitration proceedings may be brought against the legal persons belonging to the cooperative group during the resolution operations. The same shall apply to measures to be taken prior to the exercise of a right or power against those legal persons.
During the resolution process, the following are suspended by operation of law:
(1) the measures to be taken by a creditor prior to the exercise of a right or power against those legal persons;
(2) the civil, administrative or arbitration proceedings brought against any legal person belonging to the group; and
(3) the execution, forced or voluntary, of judgments and other juridical acts on which the law confers the same force and effect as a judgment against those legal persons.
