Reconstruction and Development Corporation Act

Jurisdiction
Uganda
Citation
Chapter 321
Date
31 December 2000
Language
English
Type
Legislation
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Uganda

Reconstruction and Development Corporation Act

Chapter 321

  • Published
  • Commenced on 3 April 1998
  • [This is the version of this document at 31 December 2000.]
  • [Note: The version of the Act as at 31 December 2000 was revised and consolidated by the Law Reform Commission of Uganda. All subsequent amendments have been researched and applied by Laws.Africa for ULII.]
An Act to provide for the appointment of a liquidator for the purpose of dissolving the Reconstruction and Development Corporation and to provide for related or incidental matters.

1. Interpretation

In this Act, unless the context otherwise requires—
(a)"corporation" means the Reconstruction and Development Corporation established by section 1 of the Reconstruction and Development Corporation Act, 1981;
(b)"Minister" means the Minister responsible for lands, housing and physical planning.

2. Appointment of liquidator

(1)The Minister shall, on the coming into force of this Act, appoint a liquidator to dissolve the corporation.
(2)The liquidator appointed under subsection (1) shall be appointed on such terms and conditions as the Minister may determine in the instrument of appointment.

3. Duties of liquidator

The duties of the liquidator shall be to—
(a)receive all the assets of the corporation;
(b)receive and settle any claim relating to any obligation of the corporation;
(c)determine and settle the terminal benefits payable to the former employees of the corporation;
(d)dispose of the assets of the corporation;
(e)recover any debts owed to the corporation;
(f)carry out any other duty which is incidental or related to the foregoing duties.
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History of this document

31 December 2000 this version
Consolidation
03 April 1998
Commenced