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Article 9 Assets of Haiti

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Except with permission granted by the Governor, no person mentioned in article 11 of this Order shall—

(a)

make any payment or part with any gold, securities or investments; or

(b)

make any change in the persons to whose credit any sum is to stand or to whose order any gold, securities or investments are to be held,

where any such action is action to which this article applies.

(2)

Action to which this article applies is action which is likely to make available to or for the benefit of the persons or bodies exercising for the time being public functions in Haiti any funds or other financial or economic resources, whether by their removal from the Territory or otherwise, or otherwise to remit or transfer funds or other such resources to or for the benefit of such persons or bodies.

(3)

Any permission granted by the Governor under this article may be granted either absolutely or subject to conditions and may be varied or revoked at any time by, or on behalf of, the Governor.

(4)

In this article:

(a)

“gold”, “payment” and “securities” shall have the meanings they bear in section 2 of the Emergency Laws (Re-enactments and Repeals) Act 1964f1of the United Kingdom; and

(b)

“investments” means any asset, right, or interest falling within any paragraph of Part 1 of Schedule 1 to the Financial Services Act 1986f2of the United Kingdom which is not a security.

Annotations

Footnotes

f1

1964 c. 60.

f2

1986 c. 60.