Sri Lanka Consolidated Acts

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Institute of Valuers of Sri Lanka Law (No. 33 of 1975) - Sect 18

Session a of Institute

18.
(1) A session of the Institute shall be held once in every two years.
(2) The quorum for a session of the Institute shall be two-fifths of the Corporate Members of the Institute eligible to vote at such session.
(3) At such session-
(a) the Council's report and audited accounts for the preceding financial year shall be submitted,
(b) the members of the Council shall be elected, and
(c) any other business determined by the Council, and referred to in the notice given under subsection (4) may be transacted.
(4) Not less than two months' notice in writing of a session shall be given to each Corporate Member. Such notice shall state the date, time and place fixed for the session and the items of business to be considered thereat and shall be sent through the post by registered letter addressed to the last known place of residence of that member.
(5) At least two weeks' notice of a session shall be given in daily newspaper circulating in Sri Lanka.


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