Land and Agricultural Development Bank Act, 2002 (Act No. 15 of 2002)

In this Act, unless the context indicates otherwise—

"Bank"

means the Land and Agricultural Development Bank of South Africa trading as the Land Bank;

"Board"

means the board of directors of the Bank as constituted in terms of section 8;

"chairperson"

means the chairperson of the Board designated in terms of section 8(1);

"Chief Executive Officer"

means the person appointed in terms of section 17(1);

"Department"

means the Department in the national sphere of government administering this Act;

"financial service"

means a financial service normally rendered by a financial institution as defined in section 1 of the Financial Services Board Act, 1990 (Act No. 97 of 1990), save for accepting deposits other than as provided for in this Act;

"government"

means the government of the Republic of South Africa;

"Minister"

means the Minister responsible for agriculture;

"prescribed"

means prescribed by regulation;

"this Act"

includes the regulations;

"valuer"

means a valuer appointed under section 50(2), and includes a Board member, an adviser or employee of the Bank authorised in writing to value any property offered as security for an advance under this Act.