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Development Bank of Southern Africa Act, 1997 (Act No. 13 of 1997)

Regulations

Regulations made under Section 17

Certificates

13. Withholding of certificates in respect of partly paid up shares

 

The directors may make it a condition of the issue of any partly paid-up shares that the member in whose name they are registered shall not be entitled to receive any certificate in respect of such shares whilst partly paid, and that such shares shall not be transferable until they are fully paid up.