Sri Lanka Consolidated Acts

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State Mortgage And Investment Bank (Implementation) Act (No. 10 of 1994) - Sect 4

Amendment of section 31 of the principal enactment

4. Section on 31 of the principal enactment is hereby amended is subsection (1) of that section by the repeal of paragraph (m) of that subsection and the substitution of the following paragraph therefor:-
"(m) to borrow or accept deposit from the Government or other institutions, on such terms and conditions as may be mutually agreed upon by them, so however, that the aggregate amount so borrowed or accepted as deposit at any time does not exceed the maximum limit imposed by the Minister;".

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