Older Persons Act, 2006
R 385
Mutual Banks Act, 1993 (Act No. 124 of 1993)Chapter VIII : Amalgamation, Winding-up and Dissolution79. Liability of borrowers in winding-up |
When a mutual bank is being wound up, a member or other person to whom an advance or a loan has been made under any mortgage or other security or under the articles of the mutual bank shall not be liable to pay the amount payable under such mortgage or security or articles except at the time or times and subject to the conditions therein expressed or agreed upon.
