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SAU-1966-R-32329
Breadcrumb
Title_of_text
Decree No. 1365/1/1 of 5-9-1386 (1966): Rules for Cooperative Lending.
Main Region
First Region
Country(ies)
Saudi Arabia
Subjects (Classification)
Cooperatives
Adopted on (Date of text)
1966
Scope of text
National
Type of legislation (Type of text)
Regulation, Decree, Ordinance
Second Region
Abstract/Citation
This Act applies to agricultural cooperative societies and multipurpose cooperative societies in which agricultural services constitute a major part of their activities. Sets up that the Saudi Arabian Agricultural Bank (henceforth the Bank), when granting loans, shall deal with farmer members through cooperatives. Grants preferential treatment and loans to cooperatives. Determines a maximum limit for each kind of loan granted to cooperatives. Other provisions cover security of short -term and seasonal loans. Regulates the apllications for a loan from the Bank. Sets forth exeptional loans exeeding the limit fixed for it.
Serial region
Serial title
Printed separately
Date
1966
Page range
4 p.