Agricultural Credit Act, 1969

In short

This law, the Agricultural Credit Act, 1969, updates and expands previous laws concerning agricultural credit, primarily by increasing the financial capacity of the Agricultural Credit Corporation.

What it regulates

The capital limit of the Agricultural Credit Corporation.
The total amount of money that can be guaranteed under the Agricultural Credit Acts.
Procedures for certain amendments to the Corporation's documents.

Who it concerns

The Agricultural Credit Corporation.
Recognised lenders involved in agricultural credit.

Key points

The Corporation's capital limit is increased to ten million pounds.
The guaranteed amount under the Act of 1965 is increased to twenty-five million pounds.
The Corporation can alter its memorandum and articles of association to align with these changes.
Certain amendments to the Agricultural Credit Act, 1947, regarding legal procedures are made.

Legal text

Agricultural Credit Act, 1969 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.

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ie)Aistriúcháin (Tithe an Oireachtais) Foilseacháin Rialtais ar Díol Dlí AE (EUR-Lex) CCanna (Ceisteanna Coitianta) Séanadh Aiseolas Deasc chabhrach Cuardach TitleTeideal Year(
s)or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile ActsAchtanna 1969 Agricultural Credit Act, 1969 Agricultural Credit Act, 1969 Permanent Page URL View by SectionAmharc de réir Ailt View Full ActAmharc ar an Acht Iomlán Bill History Stair Bille Commencement, Amendments, SIs made under the Act Tosach Feidhme, Leasuithe, IRí arna ndéanamh faoin Acht Print Full ActPriontáil an tAcht Iomlán Number 6 of 1969 AGRICULTURAL CREDIT ACT, 1969 ARRANGEMENT OF SECTIONS Section 1. Interpretation. 2. Increase of capital of the Corporation. 3. Amendment of section 3 of the Act of 1965. 4. Amendment of section 4 of the Act of 1965. 5. Amendment of section 19 of the Act of 1947. 6. Amendment of section 24 of the Act of 1947. 7. Alteration in memorandum and articles of association of the Corporation. 8. Short title, construction and collective citation. Acts Referred to Agricultural Credit Act, 1947 1947, No. 14. Agricultural Credit Act, 1961 1961, No. 13. Agricultural Credit Act, 1965 1965, No. 12. Number 6 of 1969 AGRICULTURAL CREDIT ACT, 1969 AN ACT TO AMEND AND EXTEND THE AGRICULTURAL CREDIT ACTS, 1927 TO 1965. [29th April, 1969.] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: Interpretation. 1.—In this Act— “the Act of 1947” means the Agricultural Credit Act, 1947 ; “the Act of 1961” means the Agricultural Credit Act, 1961 ; “the Act of 1965” means the Agricultural Credit Act, 1965 . Increase of capital of the Corporation. 2.—

(1)The Corporation may, under and in accordance with section 2 of the Act of 1961, increase its capital to a total not exceeding ten million pounds and, accordingly, there shall be substituted in that section for the reference to six million pounds (inserted by section 2 of the Act of 1965) a reference to ten million pounds.

(2)Section 2 of the Act of 1965 is hereby repealed. Amendment of section 3 of the Act of 1965. 3.—Section 3

(1)of the Act of 1965 is hereby amended by the substitution of “twenty-five million pounds” for “twenty million pounds”. Amendment of section 4 of the Act of

4.—Section 4 of the Act of 1965 is hereby amended by the substitution of “twenty-five million pounds” for “twenty million pounds”. Amendment of section 19 of the Act of
5.—Section 19

(1)of the Act of 1947 is hereby amended by the substitution of “as soon as may be” for “within ninety days”. Amendment of section 24 of the Act of 1947. 6.—Section 24

(6)(a) of the Act of 1947 is hereby amended by the substitution of “under the hand of the solicitor or law agent of such recognised lender” for “under seal”. Alteration in memorandum and articles of association of the Corporation. 7.—

(1)It shall be lawful for the Corporation to make all such alterations in its memorandum and articles of association as are necessary and proper to give effect to the provisions of this Act and of the Agricultural Credit Acts, 1927 to 1965, as amended by this Act and as are necessary and proper by way of supplement to, or in consequence of, any such alteration.

(2)Subsections

(2)and

(3)of section 14 of the Act of 1961 shall apply and have effect in relation to alterations in the memorandum and articles of association of the Corporation authorised by this section in the same way as they apply and have effect in relation to alterations in that memorandum and those articles authorised by the said section 14. Short title, construction and collective citation. 8.—

(1)This Act may be cited as the Agricultural Credit Act, 1969.

(2)The Agricultural Credit Acts, 1927 to 1965, and this Act shall be construed together as one Act.

(3)The Agricultural Credit Acts, 1927 to 1965, and this Act may be cited together as the Agricultural Credit Acts, 1927 to 1969. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais

AI explanation based on the official legal text. Indicative, not a substitute for legal advice.