Section 50: Liquidation of the Bank — State Bank of Pakistan Act, 1956 (SBP Act)

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50. Liquidation of the Bank. The Bank shall not be placed in liquidation save by order of the 3[Federal Government] and in such manner and on such terms and conditions as it may direct.

Effective date: 1956-04-18

Related sections

Section 49: Exemption from taxes Section 51: Act or proceeding of the Board not to be questioned Section 48: Exemption from stamp duty Section 52: [Omitted]Section 47: Pensions of Bank employees to be exempt from attachments, etc.Section 52A: Protection of action taken in good faith and indemnity

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