Sri Lanka Consolidated Acts

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Ceylon State Mortgage Bank and Finance (Amendment) Act (No. 33 of 1968) - Sect 21

replacement of section 54 of the principal enactment

21. Section 54 of the principal enactment is hereby repealed, and the following new section substituted therefor:-
54.
(1) No loan shall be granted except by a resolution of the board:
(2) All loans granted by the general manager under the provisions of this section shall be reported to the board at its next meeting.".

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