Agricultural Credit Act, 1927

Powers of Minister in respect of shares held by him.

20.—(1) The Minister may hold for so long as he thinks fit the shares of the Corporation subscribed for by him under this Act and may as and when he thinks fit sell all or any of such shares, but shall not so sell any such share at a price less than the amount for the time being paid up thereon.

(2) The net proceeds of every sale by the Minister of shares of the Corporation held by him shall be paid into the Exchequer.

(3) All dividends and other moneys received by the Minister in respect of shares of the Corporation subscribed for and held by him shall be paid into the Exchequer.

(4) The Minister may, so long as he holds shares of the Corporation, exercise all or any of the rights and powers from time to time exercisable by the holder of such shares, and where such rights or powers are exercisable by attorney the Minister may if he so thinks proper exercise such rights or powers by his attorney.