LOAN (INCOME EQUALIZATION DEPOSITS) ACT 1976 (REPEALED)

***** Repealed 22 February 2005 *****

PART III - REPAYMENT OF DEPOSITS

SECTION 17   REPAYMENT AFTER 12 MONTHS  

17(1)  [Request for repayment]  

A person who is the depositor in respect of a particular deposit may, at any time after the expiration of a period of 12 months after the date on which the deposit was made, make a request to the authorized person for the repayment of the whole of the deposit, or of so much of the deposit as is specified in the request.

17(1A)  (Omitted by No 56 of 1989)

17(2)  (Omitted by No 56 of 1989)

17(3)  [Date deposit becomes repayable]  

Where a request is made to the authorized person in accordance with this section in respect of a deposit or part of a deposit, the deposit, or the part of a deposit, as the case may be, becomes repayable on the date on which the request is made.

17(4)  [Section not applicable to farm management bond]  

This section does not apply to a deposit to the extent that it consists of a farm management bond.