Sri Lanka Consolidated Acts

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People's Bank Act (No. 29 of 1961) - Sect 11

Director to disclose his interest in any loan or other accommodation to be considered by the Board

11. A director who is directly or indirectly interested in any loan or other accommodation to be considered by the Board shall disclose the nature of his interest to the Board and shall not be present while the Board is considering such loan or other accommodation.

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