Asset Covered Securities Act, 2001
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What happens if NTMA's attempts to locate a manager are unsuccessful. |
73.—If the NTMA's attempt under section 72 is unsuccessful, or the Authority is not satisfied that any of the persons whose names were given to the Authority under that section is suitable for appointment as manager, the NTMA shall attempt to find an appropriate body corporate to become the parent entity of the designated or formerly designated credit institution concerned in place of the existing parent entity (if any) of that institution. |