Agricultural Finance Corporation Act

13. Execution of documents

Edition: 2022-12-31 · Repealed

13. Execution of documents

(1)The common seal of the Corporation shall be authenticated by the signature of the Chairperson or deputy Chairperson of the Board and by the signature of the General Manager or some other person so authorized by the Board.

(2)All documents, other than those required by law to be under seal, made by, and all decisions of, the Corporation may be signified under the hand of the Chairperson or deputy Chairperson of the Board, or of the General Manager if he is so authorized by the Board.

(3)Where the General Manager has been authorized under subsection (2) of this section to signify documents he may, with the approval of the Board, authorize any other officer of the Corporation to sign any document approving a loan not exceeding ten thousand shillings.[Act No. 13 of 1972, Sch., L.N. 23/1977.]

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Source: Kenya Law