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Dominica Banana Marketing Corporation (Divestiture and Restructuring) Act (No. 18 of 2002).

País/Territorio
Dominica
Tipo de documento
Legislación
Fecha
2002
Fuente
FAO, FAOLEX
Fuente original
Official Gazette of the Commonwealth of Dominica, pp. 263-279.
Título completo
An Act to provide for the divestiture and Restructuring of the assets and liabilities of the Dominica Banana Marketing Corporation and for matters related thereto.
Materia
Cultivos
Palabra clave
Institución Frutas/nueces comestibles Desarrollo agrícola Producción vegetal Entidad no gubernamental Negocios/industria/corporaciones
Área geográphica
Americas, Caribe, América Latina y el Caribe, Pequeños estados insulares en desarrollo
Resumen

The object of this Act is to wind up the Dominica Banana Marketing Corporation as soon as possible and to divestiture the business, assets and liabilities of the Corporation in an orderly manner. For this purpose the Minister responsible for Agriculture shall appoint a Manager under section 5 who shall be assisted by a Liquidation Committee established under section 4. Powers of the Corporation shall be vested in the Manger who shall act as company liquidator. Another company, to be called the Banana Holding Company Limited shall be established by the Manager under section 9. That company shall hold property and other assets vested in the Manager, hold a financial participation in another specified company and generally take such actions as necessary to develop the banana industry in Dominica. Before designation of officers of the company the Manager shall act as trustee (sect. 12). A Creditor’s Steering Group shall be constituted by the Minister under section 13. The Manager shall promote the establishment of foundations which shall act as commercial interface on behalf of banana growers, facilitate procurement of inputs, supplies and services required by banana growers and provide support for all aspects of agricultural and other small business development.

Texto completo
Inglés