Sri Lanka Consolidated Acts

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The Monetary Law (Amendment) (No. 6 of 1998) - Sect 3

Amendment of section 55 of the principal enactment

3. Section 55 of the principal enactment is hereby amended as follows :"
(1) by the renumbering of that section as subsection (1) of that section ;
(2) in the renumbered subsection (1) of that section by the substitution for the words "upon surrender by any person", of the words Subject to the provisions of subsection (2), upon surrender by any person";
(3) by the addition immediately after the renumbered subsection (1) of that section of the following subsection :"
"(2) Nothing in subsection (1) shall be read and construed as imposing an obligation on the Central Bank to deliver on demand under subsection (1), any commemorative currency note or coin issued under section 52A, where the required currency note or coin is of a denomination specified in such currency note or coin".


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