Act Repealed Latest version as at 26 October 1988 (as enacted) | 1988 No 149

Rural Banking and Finance Corporation Amendment Act (No 2) 1988

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Contents

Short Title

Corporation may dispose of all or part of its property

Corporation to give effect to Government policy

Rural Banking and Finance Corporation Amendment Act (No 2) 1988

Public Act		1988 No 149
Date of assent		26 October 1988

	Title
1	Short Title
2	Corporation may dispose of all or part of its property
3	Corporation to give effect to Government policy
	Administrative information

An Act to amend the Rural Banking and Finance Corporation Act 1974

BE IT ENACTED by the Parliament of New Zealand as follows:

1 Short Title

This Act may be cited as the Rural Banking and Finance Corporation Amendment Act (No. 2) 1988, and shall be read together with and deemed part of the Rural Banking and Finance Corporation Act 1974 (hereinafter referred to as the principal Act).

2 Corporation may dispose of all or part of its property

The principal Act is hereby amended by inserting, after section 20, the following section:

“20a

Notwithstanding section 19 or any other provision of this Act or any rule of law but without limiting section 20 of this Act, the Corporation may, at any time or times, sell or otherwise dispose of the whole or any part of the property of the Corporation to such persons and on such terms and conditions as the Corporation thinks fit.”

3 Corporation to give effect to Government policy

Section 23(1) of the principal Act is hereby amended by inserting, after the words “under this Act”, the words “(including its powers under section 20a of this Act)”.

This Act is administered in the Treasury.

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Rural Banking and Finance Corporation Amendment Act (No 2) 1988