ADVOKS GLOBAL · KENYA
Banking Act
48. Disqualification of officers
Edition: 2024-12-27 · In force
48. Disqualification of officers
(1)A person who is an officer of an institution shall cease to hold office and shall not thereafter be eligible to hold office in any institution if he—(a)becomes bankrupt or suspends payment or compounds with his creditors; or(b)is convicted of an offence involving dishonesty or fraud; or(bb)is disqualified from holding office under section 32A; or(c)is removed from office under the provisions of section 34.(2)Any person who continues to act as an officer of an institution after he has been disqualified by virtue of this section shall be guilty of an offence.