The Banking (Deposit Protection Fund) Regulations
11. Liquidator’s duty to the Board
11. Liquidator’s duty to the Board
The duty of the liquidator of an insolvent contributory institution shall be to pay to the Board instead of the depositor the amount referred to under regulation 8, and if the amount paid to the Board equals the insolvency payment made to the depositor by the Board, the liquidator shall thereafter pay to the depositor instead of the Board any excess amount.Source: Kenya Law