26.
| (1) The Board of Directors-
| | (a) may create and issue any stock required for the purpose of exercising the powers of the Board under subsection (3) of section 24, and | | |
| | (b) shall create and issue such stock as is required for the purpose of satisfying any right as to compensation under this Act which is to be satisfied by the issue of stock, | | |
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| (2) Petroleum Corporation Stock shall be issued, transferred, dealt with, redeemed and cancelled in accordance with such terms as may be determined by the Board of Directors with the approval of the Minister given with the concurrence of the Minister of Finance. |
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Sri Lanka Consolidated Acts