The Joint Stock Banks Act 1856
WHEREAS by the Act of the Seventh and Eighth Years of the Queen, Chapter One hundred and thirteen, it is enacted, that the Deed of Partnership of every Banking Company to be established under that Act shall contain specific Provision for the Retirement of at least One Fourth of the Directors yearly, and for preventing the Re-election of the retiring Directors for at least Twelve Calendar Months: Ana whereas it is expedient that so much of the said Enactment as relates to the Re-election of su...