Encyclopedia

Creditors of the credit institution


Creditor of a credit institution - a legal entity, in connection with the reorganization of the credit institution, is entitled to demand early performance or termination of the corresponding obligation and compensation for damages, if such right to claim is granted to the legal entity in accordance with the terms of the contract concluded with the credit institution1.

  1. Law of RSFSR dated 02.12.1990 No. 395-1, "On Banks and Banking Activities in the RSFSR". 1990, as amended on 2018-08-03, art. 23.5, subpara. 2#3. ↩