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Agricultural and Fishery Cooperatives Savings Insurance Act.

Country/Territory
Japan
Document type
Legislation
Date
1973 (2021)
Source
FAO, FAOLEX
Subject
Agricultural & rural development, Fisheries
Keyword
Cooperative/producer organization Financing Institution Offences/penalties
Geographical area
Asia, Asia and the Pacific, Eastern Asia, North Pacific, North-West Pacific
Abstract

The purpose of this Act is, in order to protect the depositors, etc. of agricultural or fishery cooperative and to secure the settlement of funds relating to agricultural or fishery cooperative in financial difficulties, to provide for the payment of insurance proceeds, etc. and the purchase of claims on savings, etc. as necessary in the event that an agricultural or fishery cooperative suspends the withdrawal of savings, etc., and to establish a system of appropriate financial assistance for mergers, etc. relating to agricultural or fishery cooperative in financial difficulties, management by administrators, measures to deal with financial crises, and measures for the orderly processing of assets and liabilities of the Norinchukin Bank.

Full text
English/Japanese
Website
www.japaneselawtranslation.go.jp