HOME MORTGAGE BANK ACT
CHAPTER 79:08
Act No. 12 of 1985
Amended by
ARRANGEMENT OF SECTIONS
1. Short title.
Preliminary
2. Interpretation.
PART I
Establishment, Purposes and Management of the Bank
3. Establishment of Bank.
4. Purposes of the Bank.
5. Functions of the Bank.
6. Address and service of documents.
7. Bank may establish branches, etc.
8. Protection of persons dealing with directors and agents.
9. Custody and use of seal.
10. Powers and duties of the Board.
11. Constitution of Board of Directors.
12. Appointment and term of office of first Board of Directors.
13. Term of office of director.
14. Alternate directors.
15. Disqualification.
16. Vacation of office of director.
17. Chairman and Deputy Chairman.
18. Appointment of directors to be notified in the Gazette.
19. Meetings of the Board.
20. Executive Committee.
Procedure
21. Annual General Meeting.
22. Financial year.
23. Special General Meeting.
24. Directors to declare interest.
25. Staff of the Bank.
PART II
SHARES
26. Capital structure of the Bank.
27. Directors to control shares.
28. Increase of authorised capital.
29. Transfer of shares.
30. Details of transfer to be entered in Register.
PART III
Miscellaneous
31. Interest on bonds tax exempt.
31A. Upfront expenses allowable deduction.
32. Exemption from stamp duty.
33. Non-application of certain written laws. Ch. 79:09, Ch. 84:04.
34. Application of Companies Act.
35. Regulations.
Home Mortgage Bank (Variation of Maximum Capital Value of Bonds) Order (LN 126/1993)
Footnote.
