37.
(1) Where the Minister is satisfied that the Ceylon Transport Board has established an adequate insurance reserve to meet liabilities arising in respect of third-party risks, the Minister may, by Order published in the Gazette, exempt the Ceylon Transport Board from the operation of the provisions of subsection (1) of section 99 of the Motor Traffic Act with effect from such date* as shall be specified in the Order. |
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(2) An Order made and published under subsection (1) shall have the force of law. |
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