Section 29: Procedure to be Followed by Eligible Financial Institution.

An eligible financial institution desirous of disposing of its eligible bank assets to the Corporation shall-(a) apply to the Corporation in such form and manner as the Corporation may, by regulation, prescribe ;
(b) provide the Corporation with information, warranties, representations and indemnities in such form and in such manner as may be required by the Corporation about the eligible bank assets and disclose in utmost good faith, all matters and circumstances in relation to the eligible bank asset that may materially affect either the Corporation's decision to acquire the eligible bank asset or the value that the Corporation may place on the asset ; and
(c) produce to the Corporation for inspection the credit facility documentation, books and records kept in connection with the eligible bank asset.