Regulatory Alerts1998-12-17 | Resolución 111/98Added · Updated
Resolution 111/98 Authorizing the Acceptance of a Dation in Payment Agreement with the Liquidating Intendancy of Banco Potosi S.A.
The Board of Directors of the Central Bank of Bolivia accepts the negotiated dation in payment offer from the liquidating Intendancy of Banco Potosi S.A., whereby the entity transfers all remaining assets to the Bank, including 2,047,425.98 USD in cash, real estate valued at 761,006.25 USD, and other assets totaling 2,812,856.65 USD. The resolution authorizes the write-off of unrecognized claims from the 1989 Sentence of Degrees and Preferences, the write-off of unpaid balances of receivables, and the reversal of remaining provisions upon registration of the dation price. It further empowers the Bank's President to sign the agreement with authority to adjust amounts based on the signing date and mandates the Legal Affairs Unit to submit the agreement to the Liquidation Judge and pursue recovery of unpaid balances against the former administrators of Banco Potosi S.A. under Article 131 of the General Banking Law of 1928.
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