Acts Online
GT Shield

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

Chapter IX : General Provisions

89. Limitation of liability

 

No liability shall attach to the South African Reserve Bank, or, either in his official or personal capacity, any member of the board of directors of the said Bank, the Registrar or any other officer or employee of the said Bank, for any loss sustained by or damage caused to any person as a result of anything done or omitted by such member, the Registrar or such other officer or employee in the bona fide performance of any function or duty under this Act.