Agricultural Credit Act, 1978

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Number 2 of 1978


AGRICULTURAL CREDIT ACT, 1978


ARRANGEMENT OF SECTIONS

PART I

Preliminary and General

Section

1.

Short title.

2.

Commencement.

3.

Interpretation.

4.

Central Fund.

5.

Payment into Exchequer of money paid to Minister.

6.

Expenses.

7.

Repeals.

PART II

Agricultural Credit Corporation

8.

Memorandum of association.

9.

Participation in agricultural projects.

10.

Directors.

11.

Share capital.

12.

Borrowing.

13.

Advances by Minister.

14.

Guarantee of borrowing.

15.

Guarantee against losses.

16.

Accounts.

17.

Membership of Oireachtas.

18.

Appointment of staff.

19.

Remuneration of chief officer.

20.

Superannuation of staff.

21.

Evidence of debt to Corporation.

22.

Alteration of memorandum and articles of association.

PART III

Chattel Mortgages

23.

Definitions for Part III.

24.

Chattel mortgage of specific stock.

25.

Recognised banks.

26.

Registers of chattel mortgages.

27.

Effect of specific chattel mortgage.

28.

Seizure of stock under specific chattel mortgage.

29.

Inventory of stock under chattel mortgage.

30.

Effect of floating chattel mortgage.

31.

Conversion of floating chattel mortgage into specific chattel mortgage.

32.

Effect of chattel mortgage on distraints.

33.

Effect of chattel mortgage on execution orders.

34.

Priorities of chattel mortgages.

35.

Disclosure of chattel mortgage to creditor.

36.

Avoidance of bills of sale of stock.

PART IV

Charges on Land in favour of the Corporation

Chapter 1

Preliminary

37.

Definitions for Part IV.

38.

Application of Part IV to existing charges.

Chapter 2

Registered Land

39.

Priority of charges in favour of Corporation.

40.

Equitable interests.

41.

Protection of minors and persons of unsound mind.

Chapter 3

Unregistered Land

42.

Priority of charges in favour of Corporation.

43.

Lodgement of cautions by puisne claimants.

44.

Rights of puisne claimants.

45.

Protection of minors and persons of unsound mind.

46.

Lodgement of cautions by the Corporation.

Chapter 4

Miscellaneous Provisions in relation to Charges on Land

47.

Charges by tenants for life.

48.

Charges by personal representatives.

49.

Sales by Corporation under priority charges.

50.

Sale by Land Commission of land subject to charge.

51.

Charges by evicted tenants.

52.

Adaptation of references in other enactments to permanent improvement charges.

53.

Exemption from stamp duty and fees.

Chapter 5

Charging Orders

54.

Charging money advanced by Corporation.

55.

Effect of charging order.

56.

Money payable on foot of charge.

57.

Conditions and variation of charging order.

58.

Cancellation of charge.

PART V

Agricultural Co-operative Societies

59.

Co-operative society.

60.

Rules of co-operative societies.

61.

Restrictions on activities of co-operative societies owing money to the Corporation.

SCHEDULE

Enactments Repealed

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Number 2 of 1978


AGRICULTURAL CREDIT ACT, 1978


AN ACT TO CONSOLIDATE WITH AMENDMENTS THE AGRICULTURAL CREDIT ACTS, 1927 TO 1975. [28th February, 1978]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: