Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697643239576.pdf (Bahamas)
SAVINGS BANK (AMENDMENT) BILL, 2013 Arrangement of Sections Section 1.

2.

Short title and commencement.............................................................................2 Amendment of section 11 of Chapter 315............................................................2 OBJECTS AND REASONS 2 SAVINGS BANK (AMENDMENT) BILL, 2013 c SAVINGS BANK (AMENDMENT) BILL, 2013 A BILL FOR AN ACT TO AMEND THE SAVINGS BANK ACT Enacted by the Parliament of The Bahamas 1.

Short title and commencement.


(1) (2) This Act may be cited as the Savings Bank (Amendment) Act, 2013.

This Act shall come into force on the 1st day of July, 2013.

2.

Amendment of section 11 of Chapter 315.

Section 11 of the Savings Bank Act is amended in the proviso by the deletion of the word “one-third” and the substitution of the words “one half”.
OBJECTS AND REASONS The purpose of the amendment is to allow the investment in Government securities of up to 50% of moneys held by the Public Treasury on behalf of the Post Office Savings Bank.

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