Sri Lanka Consolidated Acts

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National Savings Bank Act (No. 30 of 1971) - Sect 66

Persons to whom savings certificates may be issued

66.
(1) Savings certificates may be issued in accordance with such sales as may be made in that behalf, to-
(a) an individual;
(b) a co-operative society;
(c) a society or association which, in the opinion of the Bank, is a thrift, benefit, benevolent or provident society or association;
(d) an approved savings group;
(e) any person or body of persons on behalf of any place of religious worship, or on behalf of any institution or association which is maintained for educational or cultural or recreational or charitable purposes and is of a prescribed class or description; or
(f) any other prescribed body of persons.
(2) The decision of the Bank as to whether any society or association is a thrift, benefit, benevolent or provident society or association, as the case may be, shall be final and conclusive.


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