Voluntary winding-up and notice to depositors and creditors

(1) Within ten days of receipt of the approval of the Central Bank to the winding-up of a licensee, a notice of voluntary winding-up, setting out such information as the Central Bank may specify, shall be sent by the licensee in the specified manner or by personal service, to the depositors and creditors of the licensee and other persons having any interest or claims in its funds or other property. (2) The notice described in sub-section (1) shall also be published in the Gazette and in a newspaper of general circulation in Belize, and placed in a conspicuous place on the premises of each office or branch of the licensee to be wound- up.