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

Regulations

Regulations made under Section 17

Calls on shares referred to in section 13 of the Act

22. Lien of shares

 

The Bank shall have a lien on every share for all moneys (whether presently payable or not) called or payable at a fixed time in respect of such share, or for all moneys presently payable in respect thereof to the Bank; but the directors may at any time declare any share to be wholly or in part exempt from the provisions of this regulation. The Bank's lien, if any, on a share shall extend to all dividends payable thereon.