Mandating Procedures of Provinces Act, 2008
R 385
Mutual Banks Act, 1993 (Act No. 124 of 1993)Chapter III : Authorization to Establish, and Registration and Cancellation of Registration of, Mutual Banks28. Date on which registration lapses |
An institution registered as a mutual bank shall cease to be registered as such—
| (a) | in the case of a registration cancelled by the Registrar under section 21, upon expiry of 30 days after the date of the notice referred to in subsection (1), (2) or (3) of that section or, if an appeal against such cancellation was lodged with the board of appeal in terms of section 7 before the expiry of the said 30 days and the board of appeal has confirmed such cancellation, upon the date on which the institution concerned is notified of such confirmation; |
| (b) | in the case of a registration in respect of which the court has granted an order under section 23 cancelling the registration, upon the date on which that order comes into force; or |
| (c) | in the case of a registration cancelled by the Registrar in terms of section 25, upon such date as may be determined by the Registrar. |
