Mauritius
Mauritius Commercial Bank Foundation Act
Act 35 of 1990
- Commenced on 28 July 1990
- [This is the version of this document at 30 June 2017.]
1. Short title
This Act may be cited as the Mauritius Commercial Bank Foundation Act.2. Interpretation
In this Act—"Board" means the Board referred to in section 5;"Foundation" means the Mauritius Commercial Bank Foundation established under section 3;"Mauritius Commercial Bank" means the Mauritius Commercial Bank Limited;"State of Mauritius Scholarship" means a scholarship awarded under section 33 of the Education Act.3. Establishment of Foundation
There is established for the purposes of this Act a Mauritius Commercial Bank Foundation which shall be a body corporate.4. Object of Foundation
The object of the Foundation shall be to grant each year a scholarship tenable abroad for a first degree course not exceeding 4 years in duration to the Mauritian student—5. The Board
6. Donations and legacies
Article 910 of the Code Civil Mauricien shall not apply to the Foundation.7. Exemption
Notwithstanding any other enactment—8. Accounts of Foundation
9. Dissolution of Foundation
10. Investment of funds
The Foundation shall invest its funds with the Mauritius Commercial Bank or the Mauritius Commercial Bank Finance Corporation Limited.11. Signature of deeds and documents
12. Rules
History of this document
30 June 2017 this version
Consolidation
28 July 1990
Commenced