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

Part III : Funds and Business of Bank

23. Investment of funds
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(1)The Board must adopt an investment policy, to be approved in writing by the Minister, with guidelines to regulate the investment of funds of the Bank in terms of this section.

 

(2)The Bank may not, without the prior written approval of the Minister, invest money in an unlisted company, trust or other equivalent legal entity, business undertaking or venture.