This Act concerns the securing of debt owed by farmers to the National Development Bank established under the National Development Bank Act. The Bank may provide that this Act shall apply to any written lending agreement between the bank and a farmer. A certificate of indebtedness shall be drafted and registered with the Registrar. The Act also concerns the acquisition, sale and the hypothecation of movable assets, including agricultural produce, by the bank for the securing of the debt. The acquisition of such rights shall be stated on the certificate of indebtedness.
Botswana · 1967-04-28