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As enacted
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15. Amendment of section 44 of the principal enactment

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Section 44 of the principal enactment is hereby amended as follows :—

(a)

by the insertion immediately before the definition of the expression “Chairman”, of the following definition :—

“accommodation” means any loan or overdraft or advance or any commitment to grant any loan or overdraft or advance, including a commitment to accept a contingent liability ;

(b)

by the insertion immediately after the definition of the expression “local authority”, of the following definition :—

“Monetary Board” means the Monetary Board of the Central Bank of Sri Lanka established under the Monetary Law Act, (Chapter 422).

Read on from s 16