On 26/05/2013,
you requested for the version in force on 26/05/2013
incorporating all amendments published on or before 26/05/2013.
The closest version currently available is that of 15/03/1994.
33.
—(1) A bank shall not purchase or acquire any immovable property or any right therein exceeding in the aggregate 40% of that bank’s capital funds except as may be reasonably necessary for the purpose of conducting its business or of housing or providing amenities for its staff.
(2) Subsection (1) shall not prevent a bank —
(a)
from letting part of any building which is used for the purpose of conducting its business; or
(b)
from securing a debt on any immovable property and, in the event of default in payment of the debt, from holding that immovable property for realisation by sale or auction at the earliest suitable opportunity.
(3) Any bank which contravenes subsection (1) shall be guilty of an offence.