Sri Lanka Consolidated Acts

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State Mortgage And Investment Bank Law (No. 13 of 1975) - Sect 32

Board's power to grant loans

32.
(1) No loan shall be granted except by a resolution of the Board and except on such terms and conditions as may be determined by the Board:
(2) All loans granted by the General Manager under the provisions of this section shall be reported to the Board at its next meeting.

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