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promptly, and all funds and other property held by the licensed financial institution or licensed financial holding company shall be returned to their owners within such maximum period as the Central Bank shall determine.

Distribution of assets 162. (1)

When the Central Bank, is satisfied that the licensed financial institution or licensed financial holding company has discharged all the obligations referred to in section 161, it shall be struck from the list of licensed financial institutions and the remainder of its assets shall be distributed among its shareholders in proportion to their respective rights, but no such distribution shall be made before: (a) all claims of depositors and other creditors have been paid or, in the case of a disputed claim, before the licensed financial institution or licensed financial holding company has turned over to the Central Bank sufficient funds to meet any liability that may be determined by a court of competent jurisdiction; (b) any funds payable to a depositor or other creditor who has not claimed them have been turned over to the Central Bank; (c) any other funds and property held by the licensed financial institution or licensed financial holding company that could not be returned to the owners in accordance with the provisions of section 161 have been transferred to the Central Bank, together with the inventories.

(2) Any funds or property not claimed within a period of fifteen years following a transfer to the Central Bank shall be presumed to be abandoned property for the purposes of section 167.

Insufficiency of assets in discharge of obligations in voluntary liquidation 163. If the assets of a licensed financial institution or licensed financial holding company, whose voluntary liquidation has been authorised will not be sufficient for the full discharge of all its obligations or completion of the liquidation is unduly delayed, the Central Bank may cause the commencement of proceedings leading to its compulsory liquidation or resolution in

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