Sri Lanka Consolidated Acts

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State Mortgage And Investment Bank (Implementation) Act (No. 10 of 1994) - Sect 2

Amendment of section 20 of the Law No. 13 of 1975

2. Section 20 of the State Mortgage and Investment Bank Law, No. 13 of 1975 (hereafter referred to as "the principal enactment ') is here amended by the repeal of subsection (3) of that section and the substitution of the following subsection therefor:- "
"(3) The General Manager or any other officer of the Bank specially authorized by the Board shall function as the Secretary to the Board. The General Manager and where the Board has authorized any other officer of the Bank to function as the Secretary to the Board such officer, shall attend and take part in every meeting of the Board, unless the Board otherwise directs, but shall have no right to vote thereat,'


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