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Amendment of section 12 of Act XII of 1989
Act: Bank of Punjab (Amendment) Act 1991
Section Provisions
ACT VIII OF 1991 ACT VIII OF 1991 THE BANK OF PUNJAB (AMENDMENT) ACT, 1991. An Act to amend the Bank of Punjab Act, 1989 (XII, of 1989) [Gazette of Punjab, Extraordinary, 2nd April, 1991] No. Legis. 2(55)/90/14, dated 30-3-1991.---The Bank of Punjab (Amendment) Bill, 1990, having been passed by the Provincial Assembly of the Punjab on the 18th day of March, 1991 and assented to by the Governor of the Punjab on the 26th day of March, 1991 is hereby published as an Act of the Provincial Assembly of the Punjab. 4. Amendment of section 12 of Act XII of 1989.--In the said Act, in section 12:- (1) In subsection (1), for the word "hundred", the words "twenty five" shall be substituted; (2) in subsection (2), in clause (f), the full stop at the end shall be replaced by a semi-colon and the word "or" shall be added and thereafter the following clause (g) shall be added:- "(g) if he has been found by a competent Court under any law to have acted against the interest of a person with whom he had a fiduciary relationship; and (3) in subsection (3), for clause (d), the following shall be substituted:- "(d) if he is declared to be a lunatic or of unsound mind by a competent Court:"