Agricultural Debt Management Act, 2001 (No. 21 of 2001).

https://www.fao.org/faolex/results/details/en/c/LEX-FAOC052726

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LEX-FAOC052726

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The Agricultural Credit Account, kept in terms of section 20A of the Agricultural Credit Act (here repealed), continues to exist despite the repeal of that Act and is to be called the Agricultural Debt Account. Any agreement which is still in force immediately before the commencement of this Act and which directly or indirectly relates to a debt, remains a legally binding agreement and is enforceable as despite the repeal of any legislation under which or as a result of which that agreement was concluded. Any mortgage bond, condition or restriction relating to a debt and registered against immovable property on the date of commencement of this Act, remains in force despite the repeal of any legislation under which that mortgage or condition was effected. The Director-General of the National Department of Agriculture must on a continuous basis monitor the repayment of debt and must audit all securities relating to debt.

Amended by: Agricultural Debt Management Amendment Act, 2002 (No. 49 of 2002). (2002-12-30)
Repealed by: Agricultural Debt Management Repeal Act, 2008 (No. 15 of 2008). (2008-09-17)

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