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Land Bank Act.

Country/Territory
South Africa
Document type
Legislation
Date
1994 (1998)
Source
FAO, FAOLEX
Original source
Official publication, pp. 774-860.
Long title
An Act to consolidate the laws in force in the Republic relating to the Land and Agricultural Bank of South Africa.
Subject
Land & soil, Water
Keyword
Agricultural development Credit Special fund Institution Waterworks
Geographical area
Africa, South Atlantic, Southern Africa
Abstract

"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)

Full text
English

References - Legislation

Repealed by

Land and Agricultural Development Bank Act, 2002 (No. 15 of 2002).

Legislation | South Africa

Keyword: Agricultural development, Credit, Special fund, Institution, Waterworks

Source: FAO, FAOLEX

Extension of Security of Tenure Act, 1997 (No. 62 of 1997).

Legislation | South Africa

Keyword: Land reform, Land tenure, Dispute settlement, Legal proceedings/administrative proceedings, Right of use

Source: FAO, FAOLEX