Sri Lanka Consolidated Acts

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State Mortgage Bank (Amendment) Act (No. 48 of 1958) - Sect 5

Amendment of section 60 of the principal enactment. [ 3, 48 of 1958.]

5. Section 60 of the principal enactment is hereby amended by the substitution , for all the words from "is due" to the end of that section , of the following :- " is due, if either notice of three months is given to the board of the intention to make such payment or interest due thereon for a period of three months is paid in lieu of such notice: provided , however , that the board may in its discretion waive the whole or any part of the period of notice required by the preceding provisions of this section.".


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