Development Bank Act 1974.
Country
Type of law
Legislation
Date of original text
Date of latest amendment
Abstract
This Act provides for the establishment of the Development Bank of Samoa as a body corporate, defines its functions and powers and provides with respect to its functioning and operations.
The principal functions of the Bank shall be to promote the expansion of the economy of Samoa for the economic and social advancement of the people of Samoa by making loans and giving financial, technical, and advisory assistance in its discretion to any enterprises in Samoa. The Bank may, among other things, buy, lease, or otherwise acquire, hold, manage, improve, or develop any real and personal property and sell, let, mortgage, charge, or otherwise deal with or dispose of any of its property.
The principal functions of the Bank shall be to promote the expansion of the economy of Samoa for the economic and social advancement of the people of Samoa by making loans and giving financial, technical, and advisory assistance in its discretion to any enterprises in Samoa. The Bank may, among other things, buy, lease, or otherwise acquire, hold, manage, improve, or develop any real and personal property and sell, let, mortgage, charge, or otherwise deal with or dispose of any of its property.
Attached files
Web site
Long title of text
An Act to establish the Development Bank of Samoa and to define its functions, powers, and duties.
Notes
Consolidated version of Act No. 3 of 1974 and generally edited as provided for by section 5 of the Revision and Publication of Laws Act 2008.
Repealed
Yes
Serial Imprint
Consolidated Acts of Samoa 2008.
Source language
English
Legislation Amendment
No
Repealed by