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The Grameen Bank Ordinance, 1983

( Ordinance NO. XLVI OF 1983 )

2. In this Ordinance, unless there is anything repugnant in the subject or context,-
(a) “Bank” means the Grameen Bank established under this Ordinance;
(b) “Board” means the Board of Directors of the Bank;
(c) “Bangladesh Bank” means the Bangladesh Bank established under the Bangladesh Bank Order, 1972 (P.O. No. 127 of 1972);
(d) “Chairman” means the Chairman of the Board;
(e) “Director” means a Director of the Bank;
(f) “family”, in relation to a person, includes such person and his wife, son, unmarried daughter, son's wife, son's son and son's unmarried daughter;
(g) “initial period” means such period from the date of the commencement of this Ordinance as the Government may, by notification in the official Gazette, determine;
(h) “landless person” means any person who or whose family owns less than fifty decimals of cultivable land or who or whose family owns property, both movable and immovable, the value of which does not exceed the value of one acre of cultivable land according to the prevailing market price in the union in which the person normally resides;
(i) “loan” includes guarantee or indemnity which the Bank may give on behalf of a landless person or any liability which the Bank may incur on behalf of a landless person;
(j) “Managing Director” means the Managing Director appointed under section 14;
(k) “new bank” means a new bank specified in the Schedule to the Bangladesh Banks (Nationalisation) Order, 1972 (P.O. No. 26 of 1972);
(l) “prescribed” means prescribed by rules or regulations made under this Ordinance; and
(m) “rural area” means an area which is not included within a municipality or cantonment.

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