7.
| (1) The management and administration of the affairs and business of the Bank shall vest in the Board of Directors (hereinafter referred to as " the Board "). |
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| (2) The Board may exercise, all the powers of the Bank under this Act or any other law, and do all acts and things which may be done by the Bank under this Act. |
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| (3) The Board shall in exercising its powers act on sound business principles and have due regard to the interests of rural development. |
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Sri Lanka Consolidated Acts