Sri Lanka Consolidated Acts

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Land Development (Amendment) Act (No. 20 of 1996) - Sect 4

Amendment of section 43 of the principal enactment

4. Section 43 of the principal enactment is hereby amended by the substitution for paragraph (b) of that section, of the following paragraph :-
"(b) shall not mortgage such holding to any person other than a licensed commercial bank, the State Mortgage and Investment Bank, the Development Finance Corporation of Ceylon, the National Development Bank of Sri Lanka, the National Housing Development Authority, the Housing Development Finance Corporation of Sri Lanka Limited, any registered society, or other prescribed institution.".

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