Fondos de Garantía de Depósitos
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Money deposits

DEPOSITS OF HIGHER AMOUNT THAN THE GUARANTEED LIMIT

Holders of deposits of higher amount than the guaranteed limit, shall continue as ordinary creditors of the institution for the amount not recovered from the FGD, until the causes that made the guarantee system act have been resolved, or the institution wound up or its debts settled by the terms agreed by the creditors in the corresponding proceedings.

The holders of deposits not guaranteed by the FGD shall be in the same situation.

Fondos de Garantía de Depósitos - Legal Advice
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