10. Section 13 of the principal enactment is hereby repealed and the following new section substituted therefor: -
| 13.
| | (1) Every application for any loan, overdraft, advance or other accommodation shall be made to the general manager or an officer nominated by him for the purpose. | | |
| | (2) Every application made under subsection (1) which requires the approval of the board shall be submitted to the board together with the written observations of the general manager on such application. | | |
| | (3) The manner in which every application made under subsection (1), which does not require the approval of the board is disposed of by the general manager or other officer under the powers delegated by the board shall be reported to the board.". | | |
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Sri Lanka Consolidated Acts