Title:
Related Law: Article 9 of the Credit Cooperatives Act Of The Republic Of China
Announced Date:December 03, 1993
Date:May 30, 2006
The advances of necessary funds to credit cooperatives and the redeposit of surplus funds thereby shall be administered by the Central Bank, or by such other organization as it may designate, in such manner as the Bank may determine, after consultation with the Central Competent Authority. The rules for such administration shall be made by the Bank.
The receipt and custody of the deposit-reserves of credit cooperatives shall be administered by the Central Bank, or by such other financial institution as it may designate.