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

Chapter III : Authorization to Establish, and Registration and Cancellation of Registration of, Mutual Banks

9. Registration a prerequisite
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(1)No person shall hold himself out to be a mutual bank unless such person is registered as a mutual bank in terms of this Act.

 

(2)Any person who contravenes the provisions of subsection (1) shall be guilty of an offence.