Financial Institutions (Protection of Funds) Act, 2001 (Act No. 28 of 2001)Board NoticesGuidelines on the Conduct of Curators13. Joint curatorship |
| (1) | Where more than one curator has been appointed— |
| (a) | the curators may decide on a work division between them and in such case must inform the registrar of the work division; |
| (b) | the curators must hold regular and at least quarterly meetings which must be properly minuted, in which all material aspects of the curatorship are discussed; |
| (c) | all formal reports, statements of account or other formal communication with the registrar must be signed by all the curators, except where a curator is temporarily unavailable and this requirement will unduly delay the progress of the curatorship. |
| (2) | Despite subparagraph (1)(a), curators are jointly responsible for the curatorship. |