DISTRIBUTED BY VERITAS VERITAS MAKES EVERY EFFORT TO ENSURE THE PROVISION OF RELIABLE INFORMATION, BUT CANNOT TAKE LEGAL RESPONSIBILITY FOR INFORMATION SUPPLIED. Act No. 31 of 2004. Published and into force on Friday 14th January, 2005 (General Notice 10 of 2005) CHAPTER 24:28 TROUBLED FINANCIAL INSTITUTIONS (RESOLUTION) ACT Act 31/2004 ARRANGEMENT OF SECTIONS PART I PRELIMINARY Section 1. Title. 2. Application. 3. Interpretation. PART II DECLARATION OF TROUBLED FINANCIAL INSTITUTIONS 4. Investigation of certain financial institutions. 5. Action where investigated financial institution not troubled but in default of Banking Act, etc. 6. Declaration of troubled financial institutions. 7. Effect of declaration. 8. Transmission of declaration to certain officers. 9. Confirmation of declaration. PART III OBJECTS OF ADMINISTRATION AND FUNCTIONS OF ADMINISTRATOR 10. Object of administration. 11. General powers of administrator in relation to troubled financial institution. 12. Application of certain provisions of Companies Act to administration. 13. Voidable dispositions of property by troubled financial institutions and specified persons. 14. Statement of troubled financial institution’s affairs.