Chapter 01 - Development Bank of American Samoa

28.0101 Purpose of Bank.

In order to provide the people of American Sa…

28.0102 Charter of Bank-Powers.

The charter of the Bank is as follows in this…

28.0103 Board-President.

(a) The affairs of the Bank must be managed a…

28.0104 Audit.

The books and records of the Bank shall be th…

28.0105 Capital investment-Loan guarantees.

(a) The capital of the Bank, together with al…

28.0106 Existence for public benefit-Tax exempt status-Government not liable for Bank’s obligation.

The Bank exists and operates solely for the b…

28.0107 Annual report required.

(a) The Development Bank of American Samoa mu…

28.0108 Economic development fund.

(a) For the purpose of providing a source of…

28.0109 Assets and liabilities existing upon enactment of this chapter.

All assets and liabilities of the Bank existi…

28.0110 Loans to aliens.

A loan shall be made only if the manager of t…

28.0111 Malfeasance of director.

(a) Any director who, under color of his offi…

28.0112 Larceny and fraud-Penalty.

Any director, officer, employee, or agent of…