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

Regulations

Regulations made under Section 17

Transfer and transmission of shares

39. Rights of institution if entitled to a share by reason of insolvency

 

An institution entitled to a share by reason of the insolvency of the holder, shall be entitled to the same dividends and/or other advantages to which it would be entitled if it were the registered holder of the share, except that it shall not, before being registered as a member in respect of the share, be entitled in respect of it to exercise any right conferred by membership in relation to meetings of institutional shareholders or of the Bank.