Development Bank of Samoa Act 2010.

An Act to continue the Development Bank of Samoa established under the Development Bank Act 1974 and to provide for the functions, powers, and duties of the Bank under modern and reformed arrangements, and for related purposes.

https://www.fao.org/faolex/results/details/en/c/LEX-FAOC108873

Resource information

Resource Language

inglés

ISBN / Resource ID

LEX-FAOC108873

License of the resource

© FAO. FAO is committed to making its content freely available and encourages the use, reproduction and dissemination of the text, multimedia and data presented. Except where otherwise indicated, content may be copied, printed and downloaded for private study, research and teaching purposes, and for use in non-commercial products or services, provided that appropriate acknowledgement of FAO as the source and copyright holder is given and that FAO's endorsement of users' views, products or services is not stated or implied in any way.

This Act provides for the continuation of the Development Bank of Samoa as a body corporate, defines its functions and powers and provides with respect to its functioning and operations.The principal functions of the Bank shall be to promote the expansion of the economy of Samoa for the economic and social advancement of the people of Samoa by, among other things: making loans and giving financial, technical, and advisory assistance in its discretion to any enterprises in Samoa; undertaking or participating in infrastructure developments; and entering into partnerships by way of joint venture, agency relationships or any other means approved. The Bank may, among other things, buy, lease, or otherwise acquire, hold, manage, improve, or develop any real and personal property and sell, let, mortgage, charge, or otherwise deal with or dispose of any of its property. The Bank may hold security over land to secure debts owed to it.

Repeals: Development Bank Act 1974. (2008)

Legislation