Mutual Banks Act, 1993 (Act No. 124 of 1993)Chapter III : Authorization to Establish, and Registration and Cancellation of Registration of, Mutual Banks19. Juristic personality of mutual bank |
| (1) | A mutual bank shall be a juristic person. |
| (2) | Whenever a juristic person registered under the Companies Act is registered as a mutual bank in terms of this Act, the Registrar shall in writing notify the Registrar of Companies of such registration, and upon receipt by the Registrar of Companies of such notice he or she shall remove the name of such juristic person from the register of companies. |