SBS announces the dissolution of the Savings and Credit Funding Association

Director of Banking, Insurance and AFP (SBS) announcing the dissolution of the Savings and Credit Co-operative and being banned from the National Register of Savings and Credit Co-operatives without the authorization to seize Resources from the public, as it is responsible for the cause of total loss of social capital and the cooperative reserve.

In this way, Rosario Isabel Tapia Casas and Ana Roxana Sánchez Meza are appointed as temporary, main and other administrators, respectively, of the cooperative.

Through the SBS Resolution No. 03513-2024, It is confirmed that, from the date of publication, it is prohibited to initiate legal or administrative proceedings against him for the collection of debts owed to him and to lead to the execution of legal resolutions which was put against him.

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Also, make liens on any of your assets as security for the obligations that concern you; payment, advances or compensation, or acceptance of obligations on his behalf, with assets or assets belonging to him and in the possession of third parties; and as a precautionary measure against their assets.

The rule states that temporary administrators have the power to take actions necessary to dissolve the cooperative, such as immediately taking possession of all the cooperative’s assets. Savings and Credit Cooperation Popular Fundingordering the delivery to them of the titles, securities, contracts, books, files, as well as any other document and anything belonging to him; as well as signing the summary containing the transfer of said funds.

In addition, prepare, from the discharge certificate, the state of the financial situation, the statement of income and other corresponding total income, according to the relevant provisions issued by this director general.

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Temporary administrators can also order an inventory of the cooperative’s assets, including the corresponding supporting documents.

Likewise, prepare the list of creditors from the Financial Savings and Credit Cooperative in distribution, indicating the amount, the nature of the debt and the option they enjoy, according to article 10 of Regulation Special Regimes.