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ACTTo amend the law relating to suretyship and other intercessions in respect of debt; and to provide for incidental matters.(Afrikaans text signed by the State President)BE IT ENACTED by the State President, the Senate and the House of Assembly of the Republic of South Africa, as follows:-
Suretyship Amendment Act, 1971
Act 57 of 1971
[Amended by Bills of Exchange Act, 2003 (Act 22 of 2003) on 15 May 2004]
1. Abolition of certain rules of law
The rules of law known as the Senatusconsultum Velleianum and the Authentica si qua mulier shall as from the commencement of this Act cease to have the force of law.
2. Repeal of laws
The laws specified in the Schedule are hereby repealed to the extent set out in the third column thereof.
The provisions of this Act shall not apply in relation to a juristic act performed before the commencement thereof.
4. Application in South-West Africa
This Act shall apply also in the territory of South-West Africa, including the Eastern Caprivi Zipfel.
5. Short title
This Act shall be called the Suretyship Amendment Act, 1971.