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Home/Legislation/Banking Act 1959/43

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Banking Act 1959

43Vesting of gold delivered

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#### 43 Vesting of gold delivered All gold delivered in pursuance of section 42 shall thereupon vest in the Reserve Bank absolutely, free from any mortgage, charge, lien, trust or other interest in or affecting the gold, and the Reserve Bank shall pay for the gold, to the person delivering the gold, on behalf of all persons having any interest in the gold, an amount determined in accordance with section 44 and the Reserve Bank shall not be under any liability to any other person claiming any interest in the gold.

Previous section42Delivery of gold Next section44Payment for gold

Section 43 - Banking Act 1959 - Vesting of gold delivered — Zoe