Sri Lanka Consolidated Acts

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Gem Trading Bank Act (No. 51 of 1993) - Sect 32

Persons authorized to act on behalf of the bank

32.
(1) No person other than a director or a person expressly authorized by the Board, shall sign and execute any documents required to be signed or executed by the Board in the exercise, discharge or performance of any powers, functions or duties conferred or imposed on, or assigned to, the Bank under this Act.
(2) Receipts signed by a director or by any person expressly authorized by the Board to sign such receipts shall be an effectual discharge of the amounts paid to the Bank.


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