19.
| (1) The Board may on its own or on the recommendation of the Monetary Board offer such of the shares referred to in subsection (1) of section 18 as have not been allotted under subsection (2) of that section, to any licensed commercial bank, licensed specialised bank or to any other person, at such time or times, in such amount or amounts, and in such manner, as may be determined by the Board. |
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| (2) Where any licensed commercial bank acquires any shares in the Bank, the provisions of section 17A of the Banking Act, No. 30 of 1988 shall not apply in respect of the acquisition and holding of such shares by such licensed commercial banks. |
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Sri Lanka Consolidated Acts