Bank for Agriculture and Agricultural Cooperatives Act, B.E. 2509 (1966).
Country
Type of law
Legislation
Date of original text
Date of latest amendment
Abstract
This Act provides for the establishment of the Bank for Agriculture and Agricultural Cooperatives in order to provide financial assistance to farmers, farmers' groups or agricultural cooperatives. "Farmer" means a person engaging in rice farming, crop farming, vegetable farming, animal-husbandry, fishery, sericulture, salt farming, orchid or flowering plant farming, pine farming, forestry, apiculture, lac cultivation, mushroom growing or other agricultural occupations designated by the Board and published in the Government Gazette, and also includes a farmer under the Law on Agricultural Land Reform. The Bank shall have the objectives of providing financial assistance in order to promote the occupations or work management of farmers, farmers' groups or agricultural cooperatives as well as to promote farmers, farmers, groups or agricultural cooperatives to engage in other occupations related to agriculture in order to increase their household income. The Bank shall have the power to extend loans to farmers, farmers' groups or agricultural cooperatives; to guarantee loans raised by the persons mentioned in (1) from such other financial institutions as prescribed in the regulations of the Bank; to acquire capital in order to carry out the business of the bank;) to procure or hold ownership or real rights, etc. (43 sections)
Attached files
Notes
As amended by the Bank for Agriculture and Agricultural Cooperatives Act (No. 4), B.E. 2535 (1992).Correct translation certified by Office of the Council of State.
Repealed
No
Source language
English
Legislation Amendment
No