Act No. 61 / 1950 Coll.
Act amending and supplementing the Investment Bank Act
Valid
Effective from 24.06.1950
61.
Law
of 17 May 1950
amending and supplementing the Investment Bank Act.
The National Assembly of the Czechoslovak Republic decided on the following Act:
Act No. 183 / 1948 Coll., on Investment Bank, is amended as follows:
1. In Article 1 (3), the words "Section 3 of the Act of 11 March 1948, No. 38 Coll., on the National Bank of Czechoslovakia," shall be replaced by the words "Act No. 31 / 1950 Coll., on the State Bank of Czechoslovakia,"
2.
"(1) The Bank is managed and externally represented by the Chief Executive, who is personally responsible to the Minister for Finance and is obliged to follow his 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. "
3. Article 4 shall be deleted;
4. Article 5 (2) reads as follows:
"(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 Finance Minister on a proposal from the Finance Officer following the hearing of the Chief Executive and the Slovak Trade Union Council. ';
5.
"(1) The Director-General, his Deputy Director and the Regional Director shall become staff of the Bank if they were not; their duties shall cease on the date on which they were withdrawn or on the date on which it was noted that they were surrendered.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 removal 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 in the negotiation and dissolution of employment. "
6. Article 7 shall be deleted;
7. In Article 9 (2), the words "Postal savings bank 'are replaced by the words" Czechoslovak State Bank'.
8.
"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. ';
This Law shall take effect on the 15th day following 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.
Cable v. r.
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Regulation Information
| Citation | Act No. 61 / 1950 Coll., amending and supplementing the Act on Investment Bank |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 09.06.1950 |
|---|---|
| Effective from | 24.06.1950 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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