• Land and Agricultural Development Bank Act, 2002
  • Notice No. 807 of 2002
  • Act
  • Preamble
  • Part I : Fundamental Principles and Interpretation
    • 1. Definitions
    • 2. Continued existence and legal personality of Bank
    • 3. Objects of Bank
  • Part II : Management of Bank
    • 4. Control of Bank by Board
    • 5. Functions of Board
    • 6. Board accountability
    • 7. Role of Minister
    • 8. Composition of Board
    • 9. Appointment and term of office of Board member
    • 10. Disqualification
    • 11. Vacating of office by Board member
    • 12. Removal from office of Board member
    • 13. Meetings of Board
    • 14. Conditions of service of Board member
    • 15. Committees of Board
    • 16. Delegation by Board
    • 17. Appointment of Chief Executive Officer
    • 18. Powers and duties of Chief Executive Officer
    • 19. Appointment of staff
    • 20. Appointment of advisers
    • 21. Conflict of interest
  • Part III : Funds and Business of Bank
    • 22. Funds of Bank
    • 23. Investment of funds
    • 24. Power to raise additional funds
    • 25. Distribution of surplus funds
    • 26. Conduct of business and security arrangements
    • 27. Conditions of business
    • 28. Application for advance
    • 29. Substitution of debtors
    • 30. Statutory pledges
    • 31. Change loans
    • 32. Members of society to remain liable
  • Part IV : Risk Management and other Operational Matters
    • 33. Remedies in case of default
    • 34. Application of balance of proceeds of sale
    • 35. Financial management
    • 36. Subsidiaries
    • 37. Joint ventures
    • 38. General operations
    • 39. Transfer of assets
    • 40. Immovable property
    • 41. Preparation and execution of documents and ...
    • 42. Fees and charges
  • Part V : Administrative and Transitional Matters
    • 43. Security of confidential information held by Bank
    • 44. Winding up of Bank
    • 45. Judicial management of Bank
    • 46. Use of name of Bank
    • 47. General offences
    • 48. Penalties
    • 49. Regulations
    • 50. Valuations
    • 51. Inspections on behalf of Bank
    • 52. Transitional matters
    • 53. Repeal of Act 13 of 1944
    • 54. Short title and commencement