Sri Lanka Consolidated Acts

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Bank of Ceylon (Amendment) Law (No. 10 of 1974) - Sect 9

Replacement of section 12 of the principal enactment

9. Section 12 of the principal enactment is hereby repealed and the following new section substituted therefor:-
12. A director for the time being of the bank who incurs an obligation or debt to any other bank or to a lending institution shall, within one month of the date on which such obligation or debt was incurred, disclose to the bank the particulars relating to such obligation or debt.".


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