https://www.fao.org/faolex/results/details/en/c/LEX-FAOC020906

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LEX-FAOC020906

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"Bank" means the bank established under section 3 of the Land Bank Act, 1912. The Land and Agricultural Bank is a body corporate and shall be controlled by a Board of Directors appointed by the Minister (sects. 3 and 4). The Board may appoint executive committees under section 7 or advisory committees under section 8. Business of the Bank shall be to advance money to farmers on mortgage or other security and to advance money to other owners for waterworks and other constructions. Money may also be lent to partnerships and joint ventures and the bank may invest in enterprises (sect. 21). Section 34 makes provision for borrowing of farmers for ongoing farming operations. Section 47 concerns money lending to agricultural unions and similar bodies. (75 sections completed by 4 Schedules)

Repealed by: Land and Agricultural Development Bank Act, 2002 (No. 15 of 2002). (2000-60-8)
Repealed by: Extension of Security of Tenure Act, 1997 (No. 62 of 1997). (2000-60-8)

Legislation