Land and Agricultural Development Bank Act, 2002 (Act No. 15 of 2002)

Part III : Funds and Business of Bank

Purchase

(1)	The Board may resolve to distribute to the State such surplus funds held by the Bank as are not required for the operations of the Bank.

(2)	The resolution of the Board referred to in subsection (1) may not be implemented unless expressly approved in writing by the Minister.

(3)	Surplus funds distributed to the State in terms of this section must be paid into the National Revenue Fund.