AGRICULTURAL DEVELOPMENT CREDIT AND CO-OPERATIVE BANK ACT - 1965 (ACT 286)

Section - 1 - Establishment of Bank

(1) A bank called the Agricultural Development Bank is hereby established to carry out the purposes of this Act. [As amended by Agricultural Development Bank Act, 1965 (Amendment) Decree 1967 (NLCD 182) s. 2].

(2) The Bank shall have perpetual succession and a common seal and may sue or be sued in its corporate name; and for and in connection with the purposes of this Act, may, subject to the limitations contained in this Act relating to the business which may be carried on by the Bank, purchase, hold, manage or dispose of movable or immovable property, and may enter into such contracts as may be expedient.

(3) [Repealed by Agricultural Development Bank Act 1965 (Amendment) Decree, 1967 (NLCD 182)].