4. Section 7 of the principal enactment is hereby Repealed and the following section substituted therefor:-
| 7.
| | (1) Every Treasury Bill issued under this Ordinance, other than scripless Treasury Bill, shall bear the signature in facsimile of the Deputy Secretary to the Treasury. | | |
| | (2)Title to every Treasury Bill, other than a Scripless Treasury Bill shall be transferable by endorsement and delivery of the Bill | | |
| | (3) With respect to every Treasury Bill other than a Scripless Treasury Bill
| | | (a) no endorsement of the Treasury Bill shall be valid unless made by the signature of the holder written on the reverse of the Bill in one of the spaces provided for that purpose, or in a separate assignment or other instrument attached thereto which is in a form prescribed by regulation and issued by the Central Bank; |
| (b) a person shall not, by reason only of his having endorsed or endorsed and delivered a Treasury Bill be liable to pay any money due thereon.". |
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Sri Lanka Consolidated Acts