Maestro Global Rules (PDF) - MasterCard

Participation
1.7 Termination of License
creditors, or seeks the protection, by the filing of a petition or otherwise, of
any bankruptcy or similar statute governing creditors’ rights generally; or
4. The government or the governmental regulatory authority having jurisdiction
over the Customer serves notice of intention to suspend or revoke, or
suspends or revokes, the operations or the charter of the Customer; or
5. A liquidating agent, conservator, or receiver is appointed for the Customer,
or the Customer is placed in liquidation by any appropriate governmental,
regulatory, or judicial authority; or
6. The Customer’s right to engage in Activity is suspended by the Corporation
due to the Customer’s failure to comply with the Corporation’s AML
Program or applicable law or regulation, and such suspension continues for
twenty-six (26) consecutive weeks; or
7. A Customer fails to engage in Activity for twenty-six (26) consecutive
weeks; or
8. The Customer is no longer Licensed to use the Marks.
NOTE
Additional regional Rules on this topic appear in Chapter 15, “Asia/Pacific
Region,” of this rulebook.
1.7.4 Liabilities and Obligations following Termination
A Customer who is terminated or who voluntarily withdraws its participation in
the Corporation:
1. has no rights or privileges of participation in the Corporation after the
effective date of termination, except as may be specifically provided in
the Rules, and the regulations, policies, and technical specifications of the
Corporation, or its License, in order to permit the orderly winding up of its
affairs as a Customer;
2. is not entitled to a refund of any dues, fees, assessments or other
payments. Such Customer remains liable for financial and other duties
and obligations through the effective date of termination, and remains
liable for any approved but uncollected assessments or expenses, relating
to acts and events that occurred or that will have occurred during its term
of participation or expenses that were incurred or will have been incurred
during its term of participation;
3. must stop issuing Cards and distributing materials incorporating any Marks,
on the date it gives notice that it is leaving the Corporation, or on the date it
is given notice of termination;
4. must have replaced all Cards bearing any Marks, no later than the date
of leaving the Corporation;
5. must remove any Marks from all POI Terminal locations on the date it
leaves the Corporation;
©1993–2012 MasterCard. Proprietary. All rights reserved.
1-10 9 November 2012 • Maestro Global Rules