Suspends payments definition

Suspends payments with respect to a bank means that it has been closed by order of the supervisory authorities, that a public officer has been appointed to take it over or that it ceases or refuses to make payments in the ordinary course of business.
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Suspends payments with respect to a bank means that it has
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Suspends payments with respect to a bank means that it has been closed by order of the
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More Definitions of Suspends payments

Suspends payments with respect to a bank means
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Suspends payments with respect to a bank means that it has been closed by order
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Suspends payments with respect to a bank means that
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Related to Suspends payments

  • Suspend or "suspension" means that the document or privilege suspended has been temporarily

  • Payments has the meaning set forth in Section 6.12.1.