Article 1.　"Audition Committee", "executive organ", "new financial institution", "old financial institution" and "definite standard of appraisal" in this Imperial Ordinance refer to "audition committee", "executive organ", "new financial institution", "old financial institution" and "definite standard of appraisal" referred to in the Financial Institutions Reconstruction and Reorganization Law (hereinafter called the Law).

Article 2.　The creditor (hereinafter including his successors) of the liabilities of the Old account of the financial institutions at the designated hour shall file his claim with the said financial institution according to the provisions of Article 4, Paragraph 1 of the Law, unless he comes under any of the following items:

Article 3.　The inventory of assets, balance sheet and profit and loss statement of the financial institutions which are necessary in connection with the application of Corporation Tax Law, Special Corporation Tax Law and Business Tax Law shall be combined with the inventory of assets, balance sheet and profit and loss statement prepared in connection with the New Account and Old Account according to the provision of the first paragraph of Article 44 of the Law respectively.

Article 4.　The executive organ of the financial institution of which Auditing Committee is set up shall get the approval of the Auditing Committee in the following cases:

Article 5.　In case there are several members in the Auditing Committee, execution of their powers shall be decided by a majority of the Auditing Committee.

Article 6.　The Auditing Committee shall receive no remuneration from the said financial institution, unless otherwise designated by the Competent Minister.

Article 7.　The Auditing Committee shall submit a report on the liquidation of the old account of the financial institution whenever requested by the Competent Minister or the Economic Reconstruction and Reorganization Committee.

Article 8.　Acceptance of documents in accordance with the provisions of Article 6, Article 8, Paragraph 2, Article 21 of the Law: the approval in accordance with the provision of Article 13, Paragraph 1, Article 14, Paragraph 1, Article 15, Paragraph 1, Article 19, Article 20, Paragraph 3, Article 23, Paragraph 1, Article 27, Paragraph 1, Article 39, Paragraph 1, Article 40, Paragraph 1, Article 47, Paragraph 1, Article 49, Paragraph 1; the approval in accordance with the provision of Article 16, Paragraph 2 and Article 22 of the Law; the order in accordance with the provisions of Article 41, Paragraph 1 and 2, Article 43, Article 47, Paragraph 2, Article 49, Paragraph 2, Article 50 and Article 51, Paragraph 1; the acceptance of report in accordance with the provision of Article 39, Paragraph 2 and Article 41, Paragraph 3 of the Law; and the report and inspection in accordance with the provision of Article 51, Paragraph 2 of the Law and the report in accordance with the provision of preceding Article, shall be administered by the Minister of Finance and the Minister who is in charge of the administrative affairs of the said financial institution.

Article 9.　The authority of the Competent Minister referred to in the paragraphs 1 and 2 of the preceding Article shall be transferred to the prefectural Governors so far as Agricultural Associations, Fishing Associations and cooperative Associations of Cities, Towns and Villages are concerned. Provided that the authority relative to the report and inspection in accordance with the provision of Article 51, paragraph 2 of the Law and the report in accordance with the provision of Article 7 shall be executed also by the Competent Minister.