29.
| (1) The Ceylon Transport Board-
| | (a) may create and issue any stock required for the purpose of exercising the powers of the board under subsection (3) of section 28, and | | |
| | (b) shall create and issue such stock as is required for the purpose of satisfying any right to compensation under this Act which is to be satisfied by the issue of stock, and the stock so created and issued is in this Act referred to as " Ceylon transport stock ". | | |
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| (2) Ceylon transport stock shall be issued, transferred, dealt with, redeemed and cancelled in accordance with such terms as may be determined by the Ceylon Transport Board with the approval of the Minister given with the concurrence of the Minister of Finance. |
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Sri Lanka Consolidated Acts