9. Section 24 of the principal Act is hereby amended as follows: -
| (1) by the renumbering of that section as sub-section (1) of section 24; |
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| (2) in sub-section (1) as so renumbered-
| | (a) by the substitution for the words " such amount or where no nominee ", of the words "such amount and where no nominee "; and
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| | (b) by the substitution for all the words from " where one nominee has been appointed " to " then such amount ", of the words " where the nominee or nominees appointed under regulations made under this Act is or are dead, then such amount "; and
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| (3) by the insertion, immediately after sub-section (1), of the following new sub-section: -
| | " (2) Where a member of the Fund has appointed under regulations made under this Act two or more nominees to whom the amount lying to the credit of such member's individual account shall be paid in the event of his death and where one or more than one nominee dies before such member, then, upon the death of such member without such member having made a fresh appointment under the aforesaid regulations, such amount shall-
| | | (a) be paid to the sole surviving nominee, if there is one; or |
| (b) if there is more than one nominee, be divided among such nominees in equal shares. " |
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Sri Lanka Consolidated Acts