Sri Lanka Consolidated Acts

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National Development Bank Of Sri Lanka. Act (No. 2 of 2005) - Sect 36

Security on which loans &c. may be granted by the Bank

36. Any loan, advance or other accommodation may be granted by the Bank on the security of-
(a) a mortgage of any movable or immovable property;
(b) any stocks, bonds, debentures, shares, assignments of mortgages or other securities, other than National Development Bank Debentures and National Development Bank Stock;
(c) any warehouse receipts, bills of lading, or such other instruments as may be approved, from time to time, by the Board of Directors for the purpose of such security ;
(d) any goods, wares or merchandise ; or
(e) any guarantee given by any enterprise or individual and accepted by the Board of Directors.

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