As enactedVersion · As enacted
Regional Development Banks Act 1997 · As enacted · Part II · Management of the Bank
16. Delegation of powers and duties of the Board
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
(1)
The Board may from time to time delegate to the
General-Manager or any other officer or servant of the Bank any of its powers and duties.
(2)
Every person to whom any power or duty is delegated under subsection (1) shall exercise or perform such power or duty delegated to him subject to such terms and conditions as may be specified by the Board and the Board may revoke or withdraw such power or duty so delegated.
12. Regional Development Banks Act, No. 6 of 1997