Law library · Sierra Leone · The Banking Act, 1964
Section 14, The Banking Act, 1964
Status not yet checkedThe Banking Act, 1964, Sierra Leone
() If it appcars to the Central Bank from examinationof the returns furnished by a bank under subsection (1) of section 13
that such bank has insuficient assets to cover its liabilities to the
public, the Central Bank shall so advise the Minister who shall
appoint a person to nmake an examination of the books of such
bank.
on applica- made of the affairs of a bank on application
tion of
shareholders,
depositors,
(2) Notwithstanding anything contained in subsection
(1) the Minister may cause an examination to be made at any time
if he considers such an examination to be warranted.
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