Act No. 183 / 1948 Coll.
Investment Bank Act
Valid
Effective from 03.08.1948
183.
Law
of 20 July 1948
about the Investment Bank.
The National Assembly of the Czechoslovak Republic decided on the following Act:
Basic provisions.
(1) For the entire territory of the Czechoslovak Republic, the "Investment Bank" is established, with its headquarters in Prague, with a subsidiary plant in Brno and a regional constitution for Slovakia in Bratislava.
(2) The "Investment Bank" (hereinafter referred to as "Bank") is a national undertaking and is subject to the relevant provisions of the Act of 20 July 1948, No 181 Coll., on the Organisation of Money, unless otherwise provided for by that Act.
(3) The Bank is entitled without prejudice to the provisions of Act No. 31 / 1950 Coll., on the Czechoslovak State Bank, in particular the financing and monetary control of investments, the provision and acceptance of long-term loans of emission and non-emission as well as for purposes other than investment, as well as the execution of services for the National Economy Fund, established pursuant to § 9 (2) of Decree of the President of the Republic of 24 October 1945, No. 100 Coll., on the nationalisation of mines and certain industrial enterprises. In order to fulfil this task, the Bank shall fund itself in a manner that shall be adapted by the Statutes (Section 12) in accordance with the Financial Plan.
(1) The date on which the bank commences its activities (Paragraph 13 (1)) shall cease:
1. Czechoslovak Reesonte and Lombardy Institute,
2. Regional Bank for Bohemia - central bank of savings banks in Bohemia and Moravia -
3. Earth Bank for Moravia and Silesia and
4. Slovak mortgage and municipal bank
and their rights and obligations pass through a universal succession without liquidation to a bank.
(2) The basic contributions of the State in the defunct institutions (paragraph 1) are transferred to the Bank's equity.
(3) The exchange of bank debentures of defaulted institutions (paragraph 1) or their legal predecessors for bank bonds shall be carried out, as appropriate, in a manner specified by the Ministry of Finance by the Order in the Official Journal.
(4) The Bank will take over all employees of the defunct institutions (paragraph 1). The relevant provisions of Act No. 181 / 1948 Coll.
Bank management.
(1) The Bank is managed and externally represented by the Chief Executive, who is personally accountable to the Minister for Finance and is obliged to follow its instructions and directives. It is represented by Deputy Directors who also manage certain branches of the Bank's activities.
(2) The Chief Executive and Deputy Directors are appointed and dismissed by the Minister of Finance after hearing the Central Council of Trade Unions.
(1) The Regional Institute in Bratislava shall keep separate accounts and draw up the accounts forming part of the bank's accounts.
(2) The Regional Institute shall be managed by the Regional Director in accordance with the guidelines and guidelines of the Chief Executive; the Regional Director shall be appointed and dismissed by the Minister of Finance on a proposal from the Finance Officer after hearing the Chief Director and the Slovak Trade Union Council.
(1) The Director-General, the Deputy Director and the Regional Director shall become staff members of the Bank if they were not; their duties shall cease on the date on which they were withdrawn or on the date on which it was noted that they were surrendered.
(2) The appointment and dismissal of the Director-General, his Deputy Directors and the Regional Director are not subject to the rules on co-decision of the race council on recruitment and dismissal of staff, on the basis of the involvement of that representative in the assignment of staff to posts and the prior agreement of the District National Committee on the negotiation and termination of employment.
General provisions.
(1) Statements from bank books are executive titles.
(2) A judicial or notarial verification of the company's signatures on the bank's official documents is not necessary, even on those intended for entry in public books.
(1) The principal debits and bank debits, issued by the Bank, by the institutes referred to in § 2, paragraph 1 or by their legal predecessors, are securities which enjoy orphan's securities; the liabilities of these debits are guaranteed by the State.
(2) In the case of judicial and administrative depositions, as well as the possibility of using bank deposit books (deposit certificates) as defects and bonds, the same legislation applies to the bank as to the Czechoslovak State Bank.
Bank bonds issued by the Bank shall be exempt from charges.
The minutes in the public books and registers necessary to indicate the changes resulting from Sections 1 and 2 shall be carried out by the courts, on a proposal from the Bank, with reference to this law.
The Bank shall issue statutes specifying in more detail its scope and organisation; The Statutes, amendments and additions shall be approved by the Minister for Finance, who shall also declare them on the relevant official list.
Transitional and final provisions.
(1) The Minister for Finance will determine by regulation the date on which the Bank will start operating. The Minister of Finance shall also determine the date on which the final balance of the institutions referred to in Paragraph 2 (1) and the joint starting-up balance for the Bank shall be drawn up.
(2) Until the bank's statutes become effective, the existing statutes of the institutions which have died pursuant to Paragraph 2 (1) and their legal predecessors shall remain in force unless they are contrary to this law. The same applies mutatis mutandis to the rules of procedure and other rules of those institutions, unless they contradict the statutes of the Bank. Business that will not be compatible with the bank's statutes will be transferred to the relevant monetary institution according to the Ministry of Finance guidelines.
(1) The date on which the Bank commences operations (Paragraph 13 (1)) shall be repealed, in the case of the applicability of any provisions contrary to this Law, with the derogation provided for in paragraph 2, in particular:
1. the Act of 14 March 1934, No. 49 Coll., on the establishment of the Czechoslovak Reesontage and Lombardy Institute, and the regulations amending it, supplementing it and implementing it,
2. the Government Order of 18 December 1936, No. 337 Coll., on the Money Headquarters of Czechoslovak Savings Bank,
3rd Government Order of 26 June 1941, No. 242 Coll., on the Merge of the Regional Money Institutions in Bohemia and Moravia,
4. the Government Order of 20 July 1943, No. 206 Coll., combining the "Regional Bank for Bohemia" and "Central Bank for Savings" and supplementing the rules for "Regional Bank for Moravia,"
5. Government Decree of 24 April 1939, No 77 of the SLA, on the establishment of the Slovak mortgage and municipal bank, and its implementing regulations; and
6. Act of 25 November 1941, No 257 of the Slovak Mortgage and Municipal Bank.
(2) The Minister of Finance shall determine the period for which the individual provisions of the provisions referred to in paragraph 1 remain in force on a transitional basis, if applicable, by a regulation issued pursuant to Paragraph 13 (1).
This Act shall take effect on the day of its publication; it shall be implemented by the Finance Minister in agreement with the participating members of the Government.
Gottwald v. r.
Dr John v. r.
Zaporocký v. r.
Dr Dolansky v. r.
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Regulation Information
| Citation | Act No. 183 / 1948 Coll., on Investment Bank |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 03.08.1948 |
|---|---|
| Effective from | 03.08.1948 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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