Article 93

The Agency may, with the prior approval of the Minister of Finance, assume the administration of any banking firm in the following cases:

A — If it becomes insolvent.
B — If its liquidity or insolvency are in jeopardy.
C — If its continued activity is detrimental to the rights of depositors.
D — If it commits serious contraventions of the provisions of this Law.

When assuming the administration of any banking firm, the Agency shall publish a notice to this effect in the Official Gazette, post such a notice in every place of business of such firm, and in the local newspapers appearing on the day the Agency assumes administration.