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Commission seeks solution for 23 thousand harmed by closure of cooperatives
Posted On 06 Dec 2018
Ecuadornerws:
In the framework of the treatment of the reforms to the Monetary and Financial Organic Code, which proposes the liquidation of savings and credit cooperatives, the Economic Regime Commission seeks a solution for around 23 thousand victims, tow hom $ 145 million is owed.
Therefore,the commission will cite the superintendent of Popular and Solidarity Economy,Sofía Hernández; the superintendent of Banks, Carlos Novoa Flor; to Gustavo Quito, Édison Camino, president and vice president of the National Union o fHandicapped Credit Unions in liquidation.
As well as, Francisco Merchán, César Briceño, representatives of the injured of creditunions in liquidation of the province of Loja, reported the National Assembly.Assemblyman Esteban Bernal, author of the project, said that the investigation made it possible to determine that the term for the collection of debts by the partners does not perish during the liquidation process; for this reason, inits project it proposes to reform article 316 of the Monetary and Financial Organic Code to release sufficient funds for unclaimed or unjustified values.
There form project will make it possible for at least 96% of those affected to access the resources to finally achieve a seven-year unpaid solution. In turn,it modifies Article 312 of the Code to generate resources by creating a common fund (trust) with fixed assets, overdue portfolio and financial promissory notes of the liquidated cooperatives and in process of liquidation; funds that with the current law establishes that they must go to the Unique Account of the Treasury, limiting the harmed ones to accede to the same ones. (I)
