22. In this Act, unless the context otherwise requires '"bank" means a licensed commercial bank within the meaning' of the Banking Act, No. 30 of 1988, other than
| (a) the Bank of Ceylon established by the Bank of Ceylon Ordinance (Chapter 397); |
|
| (b) the People's Bank established by the People's Bank Act, No. 29 of 1961 ; |
|
| (c) any bank established under the provision of the Regional Rural Development Bank Act, No. 15 of 1985, and shall be deemed to include the Development Finance Corporation of Ceylon established by the Development Finance Corporation of Ceylon Act, (Chapter 165) ; |
|
" Board " in relation to a bank means the Board of Directors of the bank or any body of persons by whatever name or designation called for the time being charged with the management or administration of such bank ; " loan " means a loan of money and includes any overdraft or advance or any other monetary accommodation by whatever name or designation called ; " property " means any movable or immovable property and Includes the right, title and interest of the lease, in any case where a loan is secured by a mortgage of the interest of a lessee under a lease from the State. |
Sri Lanka Consolidated Acts