Acc Bank Act, 2001

Chattel mortgages.

9.—(1) Section 23 (1) of the Agricultural Credit Act, 1978 , is amended by—

(a) the deletion of “recognised bank”, and

(b) the substitution for the definition of “recognised lender” of the following definition—

“‘recognised lender’ means a credit institution authorised under the European Communities (Licensing and Supervision of Credit Institutions) Regulations, 1992 ( S.I. No. 395 of 1992 ).”.

(2) Section 25 of the Agricultural Credit Act, 1978 , is repealed.