| 1.
| | This Law may be cited as the State Mortgage and Investment Bank Law. |
| 2.
| | Establishment of the State Mortgage and Investment Bank. |
| 3.
| | Members of the Bank. |
| 4.
| | Head office of the Bank. |
| 5.
| | The Law governing the Bank |
| 6.
| | Business of the Bank- |
| 7.
| | Board of Directors. |
| 8.
| | Powers of the Board. |
| 9.
| | Acts of the Board not to be invalid by reason of any vacancy. |
| 10.
| | Director's term of office. |
| 11.
| | Remuneration of directors, |
| 12.
| | Disqualification and removal of directors. |
| 13.
| | Vacancies on the Board |
| 14.
| | Chairman of the Board- |
| 15.
| | Meetings. |
| 16.
| | Quorum. |
| 17.
| | Disclosure of interest by a director. |
| 18.
| | Minutes. |
| 19.
| | Powers of Minister to issue directions to the Board. |
| 20.
| | Appointment and powers of the General Manager. |
| 21.
| | Employees, |
| 22.
| | Advisers, amp c. |
| 23.
| | Agents, |
| 24.
| | Security from employees, |
| 25.
| | Protection of employees. |
| 26.
| | Reimbursement for expenses incurred on behalf of the Bank. |
| 27.
| | No director or employee of the Bank to guarantee loans. |
| 28.
| | Restrictions on loans to directors. |
| 29.
| | Declaration of auditor, |
| 30.
| | Right to refuse to answer questions. |
| 31.
| | Kinds of business the Bank is authorized to carry on and transact. |
| 32.
| | Board's power to grant loans, |
| 33.
| | Withdrawal of the grant of a loan |
| 34.
| | Board's power to investigate application of loan. |
| 35.
| | Recalling of loans. |
| 36.
| | Change of security. |
| 37.
| | Capital of the Bank and the power to raise money. |
| 38.
| | State Mortgage and Investment Bank debentures, securities, stocks and shares. |
| 39.
| | Exemption of debentures from stamp duty. |
| 40.
| | charge upon Consolidated Fund. |
| 41.
| | Government to guarantee, |
| 42.
| | Priority of charge created by loan. |
| 43.
| | Special provisions relating to loans given by the Bank. |
| 44.
| | Anticipation of payments |
| 45.
| | Funds of the Bank. |
| 46.
| | utilization of the profits of the Bank. |
| 47.
| | Action by Board where default is made. |
| 48.
| | Authorization of manager to take possession of mortgaged property. |
| 49.
| | Procedure where manager is appointed. |
| 50.
| | Authorization of sale of mortgaged property. |
| 51.
| | Where borrower is dead. |
| 52.
| | Notice of resolution. |
| 53.
| | Notice of sale. |
| 54.
| | Payment before sale- |
| 55.
| | Upset Price. |
| 56.
| | Default in respect of one of several loans on same property. |
| 57.
| | Recovery of expenses and costs incurred by the bank. |
| 58.
| | Payment of excess. |
| 59.
| | Certificate of sale- |
| 60.
| | Order for delivery of possession. |
| 61.
| | Cancellation of sale |
| 62.
| | Resale by the Bank. |
| 63.
| | Limit of retention of property by the Bank. |
| 64.
| | Meaning of property. |
| 65.
| | Applicability of the Public Corporations (Financial Control) Act. |
| 66.
| | Custody and affixing of common seal. |
| 67.
| | Certain written law not to apply to the Bank |
| 68.
| | The Bank deemed to be banking institution under the Monetary Law Act. |
| 69.
| | Receipts when valid- |
| 70.
| | Contracts. |
| 71.
| | Bills of exchange and promissory notes. |
| 72.
| | Persons authorized to act on behalf of the Bank. |
| 73.
| | Execution of deeds abroad. |
| 74.
| | Rules made by the Board- |
| 75.
| | Regulations made by the Minister. |
| 76.
| | Penal interest in case of default |
| 77.
| | Power to recall loan on change of ownership of security. |
| 78.
| | Power to inspect valuation rolls of local rating authorities. |
| 79.
| | Liability as public servants of directors and employees. |
| 80.
| | Forgery of debentures, |
| 81.
| | False evidence |
| 82.
| | Liability of directors and valuers for participating in the sanctioning of certain loans. |
| 83.
| | Offences. |
| 84.
| | Registered address and notices. |
| 85.
| | Repeal of certain enactments. |
| 86.
| | Interpretation. |
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