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National and Grindlays Bank (Apportionment) Act, 1970 🇰🇪


REPUBLIC OF KENYA

National and Grindlays Bank (Apportionment) Act, 1970

Act 24 of 1970

  • Assented to on 4 December 1970
  • Commenced on 8 December 1970
  • [This is the version of this document from 8 December 1970.]
An Act of Parliament to make provision for the transfer of the assets and liabilities relating to the business of National and Grindlays Bank carried on in Kenya to two new local banking corporations; and for purposes connected therewith and incidental thereto
WHEREAS—
(1)National and Grindlays Bank Limited (hereinafter referred to as Grindlays Bank) is a company incorporated in England with limited liability and carrying on the business of banking in Kenya:
(2)The Kenya Commercial Bank Limited (hereinafter referred to as the Commercial Bank) and Grindlays Bank International (Kenya) Limited (hereinafter referred to as the International Bank) are companies incorporated in Kenya for the purpose of carrying on the business of banking in Kenya:
(3)The Government and Grindlays Bank have agreed t…

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