Central
Section 2 of The International Development Association (Status, Immunities and Privileges) Act, 1960
In this Act, unless the context otherwise requires,--
- (a)"Agreement" means the Agreement for the establishment and operation of the international body known as the International Development Association;
- (b)"Association" means the International Development Association established under the Agreement.
Summary
- This section defines key terms used in the Act to ensure they are understood consistently.
- These definitions apply unless the context of the sentence requires a different meaning.
- The term "Agreement" is defined as the Agreement for establishing and operating the international body called the International Development Association.
- The term "Association" is defined as the International Development Association that was set up under that Agreement.
Practical examples
1In June 1961, a court official named John reads the word "Association" in a legal case. He looks at Section 2 of this Act to confirm that this means the International Development Association, rather than a local business.
2In September 1965, a bank manager named Priya is reviewing a transaction involving the "Agreement." She looks up Section 2 to verify that this refers specifically to the international treaty that established the International Development Association.
FAQ
1. Why does the Act have a definitions section?
It defines specific terms to make sure they are understood consistently throughout the Act unless the context requires a different meaning.
2. What does the term "Agreement" mean under this Act?
It means the Agreement for the establishment and operation of the international body known as the International Development Association.
3. What does the term "Association" mean under this Act?
It means the International Development Association established under the Agreement.
Test yourself
Q1.What does the term "Agreement" mean under Section 2?
Q2.How is the term "Association" defined in Section 2?
Q3.Under what condition do the definitions in Section 2 apply?
Q4.Which international body is established under the Agreement?
Q5.Which clause in Section 2 defines the term "Agreement"?