Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsConsequence of death, resignation, expiration amp;c. of a licensed stock broker or a licensed stock dealer
| 23. Where a licensed stock broker or a licensed stock dealer dies, resigns, or is expelled from the membership of a licensed stock exchange, or becomes incapable of carrying on the business as such stock broker or stock dealer by reason of illness or due to any other cause or the licence granted to such stock broker or stock dealer is cancelled, the Council shall direct the licensed stock exchange of which such stock broker or stock dealer was a member to arrange for another licensed stock broker or a licensed stock dealer, as the case may be, to take over the outstanding contracts of a such stock broker or stock dealer. |