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Mutual Banks Act, 1993 (Act No. 124 of 1993)

Chapter IX : General Provisions

85. Application for shares or for leave to make deposits

 

(1) No person shall be permitted to become a member of or a deposit or with a mutual bank unless he has signed a form applying for shares in the mutual bank or applying to be allowed to make deposits with the mutual bank, as the case may be.

 

(2) Every person signing any such form shall upon request be furnished by the mutual bank with a copy thereof.

 

(3) Every such form shall have printed or written thereon the whole of section 78.