Bank Of Ceylon (Amendment) Act (No. 54 of 2000) - Sect 5
insertion of section 17A in the principal enactment
5. The following section is hereby inserted immediately after section 17 and shall have effect as section 17A of the principal enactment:"
17A. Subject to the provisions of section 20. the Board may by resolution to be recorded in writing authorize any person specified in the resolution to seize any movable property mortgaged to the bank as security for any loan. overdraft, advance or other accommodation in respect of which default has been made.".
Sri Lanka Consolidated Acts