Tanzania
Co-operative and Rural Development Bank (Repeal and Transitional Provisions) Act
Chapter 88
- Published in Tanzania Government Gazette
- Commenced on 1 July 1996
- [This is the version of this document at 31 July 2002.]
- [Note: This legislation has been thoroughly revised and consolidated under the supervision of the Attorney General's Office, in compliance with the Laws Revision Act No. 7 of 1994, the Revised Laws and Annual Revision Act (Chapter 356 (R.L.)), and the Interpretation of Laws and General Clauses Act No. 30 of 1972. This version is up-to-date as at 31st July 2002.]
1. Short title
This Act may be cited as the Co-operative and Rural Development Bank (Repeal and Transitional Provisions) Act.2. Interpretation
In this Act, unless the context requires otherwise—"assets" means real and personal property of every kind including—(a)rights under contract and agreement;(b)books, books of accounts and records;(c)all other rights, interest and claims in or to, real or personal property, whether liquidated or unliquidated, certain or contingent, accrued or accruing;"Bank" means the Co-operative and Rural Development Bank, Act No. 7 of 1971;"Company" means the company incorporated under the provisions of section 3;"liabilities" means all obligations under contract or agreement including savings and deposits of all kinds;"Minister" means the Minister responsible for finance;"transitional period" means a period of not less than six months commencing from the effective date.3. Establishment of the Company
4. Objects and functions of the Bank
The objects of the bank shall be–5. Transitional period
There shall be a transitional period of not more than six months within which, subject to this Act, all necessary measures shall be taken to facilitate the winding up of the affairs and business of the Bank and the effectual transfer and vesting of its assets and liabilities.6. Provisions regarding the former Bank Employees
7. Repeal of Act No. 7 of 1971
[Repeals the Co-operative and Rural Development Bank Act]History of this document
31 July 2002 this version
Consolidation
01 July 1996
Commenced
Cited documents 0
Documents citing this one 2
Legislation 2
1. | Chattels Transfer Act | 8 citations |
2. | Agricultural Development Fund Act |