Antigua and Barbuda Development Bank (Amendment) Act 2003

Link to law: http://laws.gov.ag/acts/2003/a2003-28.pdf

No. 28 of 2003. The Antigua and Barbuda Development 1 ANTIGUA
Bank (Amendment) Act, 2003. AND

BARBUDA

[ L.S. ]

I Assent,

James B. C'arlisle,
Governor-General.

ANTIGUA AND BARBUDA

No. 28 of 2003

AN ACT to amend the Antigua and Barbuda Development Bank
Act.

[ 19th February, 2004 ]

ENACTED by the Parliament of Antigua and Barbuda as
follows:

1. This Act may be cited as the Antigua and Barbuda Devel- Short title.
opment Bank (Amendment) Act, 2003.

2. Section 5 of the Antigua and Barbuda Development Bank Amendment of
Act is amended in subsection (2) by the addition of the follow- section 5
ing paragraphs immediately after paragraph (e): Cap. 24.

''fl to accept on deposit any funds or securities of what-
ever nature from the Government, from any public
or statutory authority, co-operative or friendly so-
ciety or any person or body whether within or out-
side Antigua and Barbuda;

(g) to make ali payments duly authorised by any de-
positor with the Bank;

ANTIGUA 2 The Antigua and Barbuda Development No. 28 of 2003.
AND Bank (Amendment) Act, 2003.

BARBUDA
(h) to make loans or advances or provide any form of

credit to the Government or to any public or statu-
tory body;

(i) to make loans or advances or provide for any form
of credit to any person, corporation, company, so-
ciety or body within or outside Antigua and
Barbuda;

) to negotiate loans or advances or any form of credit
with any person or body within or outside Antigua
and Barbuda for or on behalf of the Government or
any public, statutory or other body;

(k) to enter into any contract with or act as agent or
trustee for or representative of the Government or
any person, agent or body w i t h or outside Antigua
and Barbuda;

(I) to engage in any investment banking business, de-
velopment finance business or banking business;

Passed the House of Representatives Passed the Senate this 6th
this 27th day of October, 2003. day of November, 2003.

B. Harris,
Speaker.

S. Walker,
Clerk to the House of Representatives.

M. Percival,
President.

S. Walker,
Clerk to the Senate.

Printed at the Government Printing Office, Antigua and Barbuda
by Walter A. Massiah, Government Printer

-By Authority, 2004.
800-2.04 [Price $1.201
Read Entire Law on laws.gov.ag