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Temporary Administration for the Management of a Credit Institution


A temporary administration for the management of a credit organization is a special governing body of a credit organization appointed by the Central Bank of Russia in accordance with the procedures established by this paragraph and the regulatory acts of the Central Bank of Russia (ceased to be in force as of 2019-01-01)1.

The temporary administration for the management of a credit organization exercises its powers within the credit organization, as provided by this paragraph, from the date of its appointment until the date of the arbitration court's decision to recognize the credit organization as bankrupt and to initiate the insolvency proceedings (appointment of an insolvency administrator) or until the day the arbitration court's decision on the appointment of a liquidator of the credit organization enters into legal force (ceased to be in force as of 2019-01-01)2.

  1. Federal Law No. 127-FZ of October 26, 2002 "On Insolvency (Bankruptcy)", as amended on December 25, 2018, Article 189-25, paragraph 1, ceased to be in force from January 1, 2019 // RSZ RF. 2002. No. 43. Art. 4190. ↩

  2. Federal Law No. 127-FZ of October 26, 2002 "On Insolvency (Bankruptcy)", as amended on December 25, 2018, Article 189-27, paragraph 3, ceased to be in force from January 1, 2019 // RSZ RF. 2002. No. 43. Art. 4190. ↩

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