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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 August 2004 - onwards
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20. Prohibition of the Governor holding shares in a bank.

(1) Every person appointed to be Governor shall within three months after his appointment absolutely sell or otherwise dispose of all shares in any financial institution which he shall, at the time of his appointment, own or be interested in for his own benefit.

(2) If and whenever any shares in a financial institution shall come to or vest in the Governor by will or succession for his own benefit, he shall, within three months after the same shall have so come to or vested in him, absolutely sell or otherwise dispose of the same or his interest therein.

(3) The Governor shall not purchase, take or become interested in for his own benefit any shares in any financial institution.

(4) If the Governor shall retain, purchase, take, or become or remain interested in any shares in any financial institution in contravention of this section he shall forthwith become and be disqualified from holding the office of Governor.

(4A) This section does not prohibit the Governor from -

(a) entering int

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