Sri Lanka Consolidated Acts

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Banking (Amendment) Act (No. 33 of 1995) - Sect 46

Property acquired and all acts done prior to commencement of section 83B by a licensed commercial bank referred bank referred to in that section to be valid

46. Notwithstanding anything to the contrary in written law, every interest in any property Sri Lanka acquired by any licensed commercial bank referred to in section 83B of the principal enactment and all acts done by any such bank, on and after the date of issue of a licence under section 5 of the principal enactment in respect of that bank and prior to the date of commencement of section 83B of that enactment, shall be deemed for all purposes to have been validly acquired or validly done, as the case may be .


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