ARTICLE 1 OBJECTIVES
ARTICLE 2 RULES OF INTERPRETATION
ARTICLE 3 APPLICATION OF GENERAL PRINCIPLES
OF LAW
ARTICLE 4 SETTLEMENT OF CLAIMS
ARTICLE 5 DEFINED TERMS
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CHAPTER ONE:
INFORMATION
ARTICLE 6 JURISTIC PERSONALITY
ARTICLE 7 OFFICES
ARTICLE 8 THE BOARD OF GOVERNORS
ARTICLE 9 QUALIFICATIONS OF GOVERNORS
ARTICLE 10 CONFLICT OF INTEREST
ARTICLE 11 TERMS OF OFFICE AND REMUNERATION
ARTICLE 12 RESIGNATION
ARTICLE 13 REMOVAL
ARTICLE 14 POWERS
ARTICLE 15 RESIDUAL POWERS
ARTICLE 16 MEETINGS OF THE BOARD
ARTICLE 17 REPORTS
ARTICLE 18 ANNUAL BUDGET AND AUDITS
ARTICLE 19 EMERGENCY PROVISIONS
ARTICLE 20 ACTS OF OFFICERS
ARTICLE 21 OFFICERS AND EMPLOYEES OF
THE CENTRAL BANK
ARTICLE 22 LIABILITY OF GOVERNORS, OFFICIALS
AND OTHER EMPLOYEES
ARTICLE 23
EFFECTIVENESS OF REGULATIONS
ARTICLE 24 DECLARATION OF CONFIDENTIALITY
ARTICLE 25 BONDING
CHAPTER TWO: FUNCTIONS OF THE CENTRAL BANK
ARTICLE 26 OFFICIAL BANK OF THE GOVERNMENT
ARTICLE 27 DEPOSITORY FUNCTIONS
ARTICLE 28 INVESTMENT AND CREDIT FUNCTIONS
ARTICLE 29 CURRENCY AND CLEARING HOUSE
FUNCTIONS
ARTICLE 30 RESIDUAL FUNCTIONS
CHAPTER THREE: ASSETS AND
CAPITAL OF THE CENTRAL BANK
ARTICLE 31 LEVEL OF EXTERNAL RESERVES
ARTICLE 32 CATEGORIES OF EXTERNAL ASSETS
ARTICLE 33 CAPITAL
ARTICLE 34 GENERAL RESERVE FUND
ARTICLE 35 DEFICIENCIES IN GENERAL RESERVE
FUND
ARTICLE 36 INVESTMENT OF GENERAL RESERVE
FUND
ARTICLE 37 ADDITIONAL RESERVES
ARTICLE 38 ACCOUNTING
ARTICLE 39 CURRENCY AND BONDS VALUATION
ADJUSTMENTS
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TITLE THREE: CURRENCY
ARTICLE 40 CURRENCY
UNIT
ARTICLE 41 PARITY
ARTICLE 42 DENOMINATION
ARTICLE 43 RIGHT
OF ISSUE
ARTICLE 44 PRINTING
OF NOTES AND MINTING OF Currency
ARTICLE 45 LEGAL
TENDER
ARTICLE 46 SPECIAL
ISSUES
ARTICLE 47 LOST OR
IMPERFECT CURRENCY NOTES AND Currency
ARTICLE 48 CURRENCY
IN CIRCULATION
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CHAPTER ONE: GENERAL PROVISIONS
ARTICLE 49 SCOPE AND PURPOSE
ARTICLE 50 USE OF WORDS BANK OR BANKING
ARTICLE 51 BANKING HOURS
CHAPTER TWO: LICENSING OF BANKS AND BRANCH AUTHORIZATION
ARTICLE 52 LICENSING REQUIREMENTS
ARTICLE 53 APPLICATIONS FOR BANKING
LICENSES
ARTICLE 54 REVIEW AND APPROVAL OF LICENSE
ARTICLE 55 COMMENCEMENT OF BANKING ACTIVITIES
ARTICLE 56 BRANCHES OF BANKS
ARTICLE 57 REORGANIZATION AND CHANGE IN
CONTROL
OF LICENSED BANKS
ARTICLE 58 APPLICATION FOR RECONSIDERATION
ARTICLE 59 APPLICATION AND LICENSE FEES
CHAPTER THREE: FINANCIAL REQUIREMENTS
OF LICENSED BANKS
ARTICLE 60 INITIAL CAPITAL
ARTICLE 61 CAPITAL DEPOSITS
ARTICLE 62 RESERVES AGAINST DEPOSITS
ARTICLE 63 RESERVES FOR THE PROTECTION
OF DEPOSITORS
CHAPTER FOUR: POWERS OF LICENSED
BANKS
ARTICLE 64 AUTHORIZATION AND DISCLOSURE
OF BANKING ACTIVITIES
ARTICLE 65 GENERAL CREDIT AND INVESTMENT
POWERS
ARTICLE 66 POWERS RELATED TO REAL AND
PERSONAL
PROPERTY AND SECURED TRANSACTIONS
ARTICLE 67 FIDUCIARY POWERS
ARTICLE 68 BORROWING AND LENDING LIMITATION
OF LICENSED BANKS
ARTICLE 69
LENDING RATIO
ARTICLE 70 CONFIDENTIALITY OF BANKING
TRANSACTIONS
ARTICLE 71 FREEDOM OF BANKING RELATIONSHIPS
CHAPTER FIVE: BANK REPORTS AND EXAMINATIONS
ARTICLE 72 REPORTS BY LICENSED BANKS
ARTICLE 73 BANK EXAMINATIONS
ARTICLE 74 FAILURE TO SUBMIT REPORTS
CHAPTER SIX: OBLIGATIONS OF BANK PERSONNEL
ARTICLE 75 DUTY OF CARE OF DIRECTORS,
OFFICERS, MANAGERS
AND EMPLOYEES
ARTICLE 76 ACTS OF OFFICERS AND EMPLOYEES
ARTICLE 77 OFFICERS, MANAGERS AND EMPLOYEES
OF LICENSED BANKS
ARTICLE 78
BONDING
ARTICLE 79 REPORTS BY DIRECTORS, OFFICERS,
MANAGERS AND
EMPLOYEES OF LICENSED BANKS
ARTICLE 80 RESTRICTIONS ON DIRECTORS,
OFFICERS, MANAGERS
AND EMPLOYEES OF LICENSED
BANKS
ARTICLE 81 RESIDUAL RULES GOVERNING
DIRECTORS,
OFFICERS,
MANAGERS AND SHAREHOLDERS
CHAPTER SEVEN : DISSOLUTION, LIQUIDATION
AND TERMINATION OF BANKS
ARTICLE 82 VOLUNTARY DISSOLUTION AND
LIQUIDATION OF BANKS
ARTICLE 83 ADMINISTRATION OF BANKS AND INVOLUNTARY DISSOLUTION AND LIQUIDATION OF BANKS.
ARTICLE 84 NOTICE TO DEPOSITORS AND
CLAIMANTS
ARTICLE 85 TRUST AND OTHER FUNDS HELD
IN A FIDUCIARY CAPACITY
ARTICLE 86 EXPENSES OF
ADMINISTRATION
ARTICLE 87 PRIORITY OF PAYMENT OF CLAIMS
ARTICLE 88 TERMINATION OF SUSPENSION
ARTICLE 89 DUTY OF CARE AND BONDING
OF ADMINISTRATOR
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TITLE FIVE: BANK DEPOSITS
AND COLLECTIONS
CHAPTER ONE:
GENERAL PROVISIONS
ARTICLE 90 PURPOSE
ARTICLE 91 STANDARD OF CARE: EFFECT
OF VARIATION BY AGREEMENT
BETWEEN PARTIES
ARTICLE 92 SIGNATURE REQUIREMENTS AND
PRESUMPTIONS RELATED TO SIGNATURES
ARTICLE 93 ENFORCEABILITY OF INSTRUMENTS
PAYABLE WITH WORDS OF
DESCRIPTION TO TWO OR MORE PERSONS
ARTICLE 94 STATUS OF SEPARATE OFFICES
OR BRANCHES OF BANKS ON
COMPUTING TIME
CHAPTER TWO: COLLECTION OF ITEMS
PART A - DEPOSITING
AND COLLECTING BANKS
ARTICLE 95 AGENCY STATUS
ARTICLE 96 RESPONSIBILITIES OF A COLLECTING
BANK
ARTICLE 97 ESTABLISHMENT OF METHODS
FOR SENDING AND PRESENTING
ARTICLE 98
RIGHT OF BANKS TO SUPPLY MISSING ENDORSEMENTS
ARTICLE 99 PRESUMPTIONS RELATED TO SUCCESSIVE
ENDORSEMENTS
ARTICLE 100 WARRANTIES MADE BY A CUSTOMER AND COLLECTING
BANK
DURING THE TRANSFER OR PRESENTMENT OF ITEMS.
ARTICLE 101 SECURITY INTEREST OF A BANK
ARTICLE 102 APPROVED REMITTANCES AND EFFECTIVENESS
OF PROVISIONAL
AND FINAL SETTLEMENTS IN REMITTANCE TRANSFERS
ARTICLE 103 RIGHT OF CHARGE -BACK AND REFUND
ARTICLE 104 REQUIREMENTS FOR FINAL PAYMENT, FINAL
DEBITS AND CREDITS
AND WITHDRAWAL OF CREDITS
ARTICLE 105 ORDER OF PAYMENT AND PREFERENCE ON INSOLVENCY
OF A BANK
PART B - PAY OR BANK
ARTICLE 106 LEGAL EFFECT AND RESPONSIBILITY FOR DEFERRED
POSTING OR DELAYED RETURN
ARTICLE 107 TERMINATION OF RIGHT TO SUSPEND OR REVOKE
PAYMENT
ARTICLE 108
RIGHTS AND OBLIGATIONS RELATED TO INTERNATIONAL SIGHT DRAFT
PART C -
LIABILITY OF PAYOR BANK TO ITS CUSTOMER
ARTICLE 109 RIGHT OF BANK TO CHARGE A CUSTOMER’S
ACCOUNT
ARTICLE 110 LIABILITY OF A BANK TO A CUSTOMER
FOR WRONGFUL DISHONOR
ARTICLE 111 RIGHT OF A CUSTOMER TO STOP PAYMENT
ARTICLE 112 LIABILITY OF A BANK IN RELATION
TO CERTIFIED CHECKS
ARTICLE 113 OBLIGATION TO PAY OUT-OF-DATE
CHECKS
ARTICLE 114 OBLIGATION OF BANK TO PAY SUBSEQUENT
TO DEATH OR IN-COMPETENCE OF CUSTOMER.
ARTICLE 115 DUTY OF A CUSTOMER TO DISCOVER
AND REPORT UNAUTHORIZED SIGNATURES OR ALTERATIONS
OF ITEMS.
ARTICLE 116 RIGHT OF PAYOR BANK TO SUBROGA-TION
SUBSEQUENT TO ANY
IMPROPER PAYMENTS
