Sri Lanka Consolidated Acts

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National Development Bank Of Sri Lanka. Act (No. 2 of 2005) - Sect 74

Persons authorized to act on behalf of the Bank

74. No person, other than the General Manager and the persons thereto expressly authorized by the Board of Directors and acting within the limits of the authority so conferred on them, shall have any authority to make, draw, accept or endorse any promissory note, bill of exchange, cheque or order for the payment of money in the name or on behalf of the Bank or to enter into any contract so as to impose thereby any liability on the Bank or otherwise to pledge the credit of the Bank.


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