ADVOKS GLOBAL · KENYA
Penal Code
370. Impounding and destruction of counterfeit coins
Edition: 2023-12-11 · In force
370. Impounding and destruction of counterfeit coins
(1)Any officer of the Government or the manager of any bank who receives, during the performance of his duties, any coin which he has reasonable ground for believing to be counterfeit coin shall impound the coin and transmit it to the Governor of the Central Bank of Kenya who may cut, deface or destroy it with or without compensation, as he thinks fit if in his opinion it is counterfeit.(2)For the purposes of this section, the decision of the Governor of the Central Bank of Kenya that the coin is counterfeit and that compensation shall be granted or withheld shall be final, and no person shall be entitled to claim and no proceedings or action shall be brought against the Governor, the Government, the officer of Government concerned, the manager of the bank concerned or his bank in respect of any loss or damage suffered by reason of the impounding and cutting, defacing or destruction.