Sri Lanka Consolidated Acts

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National Savings Bank (Amendment) Act (No. 22 of 1999) - Sect 2

Amendment of section 3 of Act No. 30 of 1971

2. Section 3 of the National Savings Bank Act, No. 30 of 1971 (hereinafter referred to as the "principal enactment"') is hereby amended as follows :-
(1) in subsection (3) of that section, by the substitution, for the words "The Seal of the Bank", of the words "Subject to the provisions of subsection (4), the Seal of the Bank" ; and
(2) by the addition, immediately after subsection (3) of that section, of the following new subsection :-
"(4) Where due to sickness, temporary absence from Sri Lanka or there being vacancies in the membership of the Board, affixing of the seal under subsection (3) cannot be done in the presence of two members, the seal may be affixed to any instrument or document in the presence of one member and the General-Manager of the Bank.".


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