Mutual Banks Act, 1993 (Act No. 124 of 1993)

Chapter VIII : Amalgamation, Winding-up and Dissolution

78A. Sections 71, 72 and 78 do not apply to mutual banks in resolution
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Sections 71, 72 and 78 do not apply to a mutual bank in respect of which a determination in terms of section 166J of the Financial Sector Regulation Act.

 

[Section 78A inserted by section 15 of the Financial Sector Laws Amendment Act, 2021 (Act No. 23 of 2021), Notice No. 789, GG45825, dated 28 January 2022- effective 1 June 2023 per (b)(i) of Commencement Notice No. 3202, GG48294, dated 24 March 2023]