Sri Lanka Consolidated Acts

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Monetary Law (Amendment) (No. 14 of 1979) - Sect 2

Insertion of new section 58A in Chapter 422

2. The following new section is hereby inserted immediately after section 58, and shall have effect as section 58A, of the Monetary Law Act (hereinafter referred to as the "principal enactment") :-
58A
(1) Any person who, without the authority of the Monetary Board, melts breaks up, perforates, mutilates or uses otherwise than as legal tender, any coin which is legal tender in Sri Lanka shall be guilty of an offence.
(2) Any person who knowingly uses, possesses or deals with any metal or article which he knows or has reasonable cause to believe, is derived from any coin which has been dealt with in contravention of sub-section (1). shall be guilty of an offence."


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