Sri Lanka Consolidated Acts

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Control Of Insurance Act (No. 42 of 1986) - Sect 24

Amendment of section 54 of the principal enactment

22. Section 54 of the principal enactment is hereby amended by the repeal of subsection (3) of that section and the substitution therefor of the following subsection :
"(3) Any act done by the Controller in pursuance of the powers vested in him under subsection (2) shall have effect notwithstanding anything in the memorandum or articles of association of the insurer.".

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