Contingency Fees Act, 1997
R 385.00
Land and Agricultural Development Bank Act, 2002 (Act No. 15 of 2002)Part V : Administrative and Transitional Matters50. Valuations |
| (1) | The Bank may at any time require a valuation in respect of any security or collateral or property relevant to any agricultural financial service rendered or offered by the Bank. |
| (2) | For purposes of undertaking any valuation contemplated in subsection (1), the Bank may from time to time— |
| (a) | despite any other law, appoint suitable persons as valuers; or |
| (b) | instruct a professional valuer or a professional associated valuer registered in terms of section 20(2)(a) of the Property Valuers Profession Act, 2000 (Act No. 47 of 2000), |
to inspect and value property or value a deceased estate for purposes of this Act.
| (3) | Despite anything in any law to the contrary, the Bank has free access to the valuation roll of any municipality, and any employee of a municipality must supply without fee or charge to the Bank, upon application, particulars as to any valuation of rateable property in respect of which that authority has power to charge rates or taxes. |
