(1) A receiver may be —
(a) a person from the private sector or an official of the Central Bank who meets the qualifications determined by the Central Bank; or
(b) any institution established by Participating Governments whose mandate includes that of receivership.
(2) The Central Bank may dismiss a receiver and replace the receiver with another qualified person.
(3) The terms of the receiver's compensation shall be set by the Central Bank.
(4) The Central Bank may on a current basis pay —
(a) compensation to the receiver;
(b) compensation to the experts engaged by the receiver;
© reimbursement to both the receiver and the experts for their expenses.
(5) Any amounts paid by the Central Bank under this section and any remaining costs of the receivership at the end of the term of receivership shall be paid from the proceeds of the sales of the licensed financial institution's or licensed financial holding company assets with the priority described in section 153.