60.
| (1) A Participant shall, by virtue of his contribution to the capital of the Bank, be a shareholder in the Bank and accordingly certificates for shares, each of a nominal value of one hundred rupees shall be issued by the Bank to the Participant, up to an amount equal to the contribution made by the Participant. |
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| (2) The right of a Participant to transfer or dispose of any shares held by him shall be subject to the provisions contained in that behalf in this Act and in the Agreement concluded under section 57 (1) to which he is a party; and if any such shares are duly transferred to any other person, such shares shall be held by such other person In all respects In like manner and subject to the same provisions (whether contained In this Act or In the Agreement) as though such person were the Participant. |
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Sri Lanka Consolidated Acts