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Prohibition of employment of managing agents and restrictions on certain forms of employment

(1) No banking company (a) shall employ or be managed by a managing agent; or (b) shall employ or continue the employment of any person (i) who is, or at any time has been, adjudicated insolvent or has suspended payment, or has compounded with his creditors, or who is, or has been, convicted by a criminal court of an offence involving mora...


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