Mandating Procedures of Provinces Act, 2008
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Co-operative Banks Act, 2007 (Act No. 40 of 2007)Chapter I : Definitions, Purpose and Application of Act5. Types of co-operative banks |
This Act provides for the registration of the following types of co-operative banks:
| (c) | a secondary co-operative bank whose members consist of at least— |
| (i) | two or more co-operative banks; |
| (ii) | two or more co-operative financial institutions; or |
| (iii) | one co-operative bank and one co-operative financial institution; |
| (d) | a tertiary co-operative bank whose members consist of two or more secondary co-operative banks. |
[Section 5 substituted by section 290, item 6 in Schedule 4, of Act No. 9 of 2017 - effective 1 April 2018 (paragraph (h) of Notice 169 of 2018)]
