State Mortgage Bank (Amendment) Act (No. 48 of 1958)

Sri Lanka Consolidated Acts

Amendment of section 53 of the principal enactment. [ 2, 17 of 1958.]

3. Section 53 of the principal enactment is hereby amended as follows : -

(1) by the substitution, for the words " No loan shall be granted unless the board shall have first satisfied itself- ", of the following : -

(2) by the omission of paragraph (b) of that section; and

(3) by the relettering of paragraphs (c) and (d) of that section as paragraphs (b) and (c) respectively.