32.
| (1) There shall be a General Manager of the Bank who shall be the Bank's chief executive officer and who shall conduct the business of the Bank under the general supervision and control of the Board. |
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| (2) The Board may delegate any of its powers or duties to any officer of the Bank and may revoke any such delegation either wholly or in part and either as to persons or purposes. |
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| (3) An officer to whom any power or duty of the Board is delegated under this section shall, in the exercise or performance of that power or duty, con form to all such directions as may be given by the Board. All acts done by such officer in conformity with such directions and in fulfilment of the purposes of the delegation made to him, but not otherwise, shall have the like force and effect as if done by the Board. |
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Sri Lanka Consolidated Acts