Development Bank of Southern Africa Act, 1997 (Act No. 13 of 1997)

Regulations

Regulations made under Section 17

Forfeiture of shares

29. Sale of share

Purchase cart Previous page Return to chapter overview Next page

 

Any shares so forfeited shall be deemed to be the property of the Bank, and a forfeited share may be sold or otherwise disposed of on such terms and in such manner as the directors think fit, and at any time before a sale or disposition the forfeiture may be cancelled on such terms as the directors think fit.