LOAN (INCOME EQUALIZATION DEPOSITS) ACT 1976 (REPEALED)

***** Repealed 22 February 2005 *****

PART IV - MISCELLANEOUS

SECTION 27   DELEGATION BY AUTHORIZED PERSON  

27(1)  [Written delegation]  

The authorized person may, either generally or as otherwise provided by the instrument of delegation, by writing signed by him, delegate to a person any of his powers under this Act, other than this power of delegation.

27(2)  [Power deemed exercised by authorized person]  

A power so delegated, when exercised by the delegate, shall, for the purposes of this Act, be deemed to have been exercised by the authorized person.

27(3)  [Authorized person may exercise power]  

A delegation under this section does not prevent the exercise of a power by the authorized person.