Minister of Finance (Incorporation) Act

The Laws of Zambia
Copyright Ministry of Legal Affairs, Government of the Republic of Zambia
REPUBLIC OF ZAMBIA
THE MINISTER OF FINANCE (INCORPORATION) ACT
CHAPTER 349 OF THE LAWS OF ZAMBIA
CHAPTER 349 THE MINISTER OF FINANCE (INCORPORATION) ACT
THE MINISTER OF FINANCE (INCORPORATION) ACT
ARRANGEMENT OF SECTIONS
Section
1. Short title
2. Interpretation
3. Incorporation of Minister of Finance
4. Authentication, etc. of seal and documents
5. Certificate of Minister of Finance conclusive
6. Transfer of property
7. Trusts
CHAPTER 349
MINISTER OF FINANCE (INCORPORATION)
An Act to create the Minister of Finance a corporation sole, and to provide for
matters incidental thereto.
[18th April, 1958]
4 of 1958
19 of 1959
Government Notice
497 of 1964
Statutory Instrument
159 of 1965

and to provide for
matters incidental thereto.
[18th April, 1958]
4 of 1958
19 of 1959
Government Notice
497 of 1964
Statutory Instrument
159 of 1965

The Laws of Zambia
Copyright Ministry of Legal Affairs, Government of the Republic of Zambia
1. This Act may be cited as the Minister of Finance (Incorporation) Act. (As amended by No. 19 of 1959)
Short title
2. For the purposes of this Act, the expression "the Minister of Finance" shall mean
the person for the time being lawfully discharging the functions of Minister responsible for
finance. (As amended by No. 19 of 1959)
Interpretation
3. The Minister of Finance shall be a corporation sole by that name, with perpetual
succession and an official seal, and with power to acquire and hold in that name lands,
Government securities, shares in any company, securities for money, and real and
personal property of every description, to sue and be sued, to execute deeds, to enter into
agreements binding on himself and his successors in office, and to do all other acts
necessary or expedient to be done in respect of the above matters or any of them. (As amended by No. 19 of 1959)
Incorporation of
Minister of Finance
4.

cessary or expedient to be done in respect of the above matters or any of them. (As amended by No. 19 of 1959)
Incorporation of
Minister of Finance
4.

(1) The official seal of the Minister of Finance shall be officially and judicially
noticed and shall be authenticated by the signature of the Minister of Finance or of any
public officer authorised by the *(1)Minister of Finance, by Gazette notice, in that behalf. * Permanent Secretary, Minister of Finance, authorised by Gazette Notice No. 1016 of 1965. Authentication, etc., of
seal and documents
(2) Every document purporting to be an instrument made or issued by the Minister
of Finance and to be sealed with the seal of the Minister of Finance authenticated in
manner provided by subsection (1), or to be signed by an officer authorised under
subsection (1), shall be received in evidence and be deemed to be so made or issued
without further proof, unless the contrary is shown. (As amended by No. 19 of 1959)
5. A certificate signed by the Minister of Finance that any instrument purporting to
be made or issued by him was so made or issued shall be conclusive evidence of that
fact. (As amended by No. 19 of 1959)
Certificate of Minister
of Finance conclusive
* Permanent Secretary, Minister of Finance, authorised by Gazette Notice No. 1016 of 1965. 6.

9 of 1959)
Certificate of Minister
of Finance conclusive
* Permanent Secretary, Minister of Finance, authorised by Gazette Notice No. 1016 of 1965. 6.

Upon and by virtue of the appointment of any person to be the Minister of
Finance, the benefit of all deeds, contracts, bonds, securities or things in action vested in
his predecessor at the time of his predecessor ceasing to hold office, shall be transferred
to and vest in and enure for the benefit of the person so appointed in the same manner as
if he had been contracted with instead of his predecessor, and as if his name had been
inserted in all such deeds, contracts, bonds or securities instead of the name of his
predecessor. (As amended by No. 19 of 1959)
Transfer of property

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Copyright Ministry of Legal Affairs, Government of the Republic of Zambia
7. All property vested in the Minister of Finance under or by virtue of the provisions
of this Act shall, except where and to such extent as the property is held on other trusts,
be held in trust for the President on behalf of the Government.
(As amended by No. 19 of 1959 and S.I. No. 159 of 1965)
Trusts

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Endnotes
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* Permanent Secretary, Minister of Finance, authorised by Gazette Notice No. 1016 of 1965.