Article 100

A — The forced liquidation of a banking firm shall be effected by virtue of a Court Ruling issued at the request of the Agency who must, immediately after filing its request at the Court, serve notice on the Directors, Owners, Depositors and other creditors of the banking firm, as well as on any party involved in the request. These persons shall have the right, within thirty days of the date of such notice, to file their objections with the Court, and the Court shall issue a ruling in this respect within thirty days following the expiration of the period prescribed for the submission of objections.
B — The Court shall either order forced liquidation and, in this case, appoint the liquidator recommended by the Agency and fix his fees, or deny the request for liquidation and order termination of administration by the Agency.