Law No. 20 of 1989 amending some provisions of Law No. 133 of 1970 regarding the organization of the Agricultural Bank.
Country
Type of law
Legislation
Abstract
This Law, comprising 4 articles, amends the original Law primarily in the following key articles: (i) Article 3, focusing on the bank's objectives, which include supporting agricultural and animal production, providing financial assistance, and facilitating imports to achieve production goals; (ii) Article 5, outlining conditions for accepting deposits; (iii) Article 7, assigning bank management to a popular committee; (iv) Article 9, stipulating monthly meetings and decision-making procedures; (v) Articles 24 and 25, governing the bank's fees and interest rates; (vi) Article 27, assigning auditing responsibilities to the People's Monitoring Authority; and (vii) Article 28, directing the allocation of net returns to the bank's reserve, with any surplus directed to the general treasury.
Attached files
Web site
Date of text
Entry into force notes
This Law enters into force on the date of its publication in the Official Gazette.
Repealed
No
Source language
English
Legislation Amendment
No
Original title
قانون رقم 20 لسنة 1989م بتعديل بعض أحكام القانون رقم 133 لسنة 1970م بشأن تنظيم المصرف الزراعى