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

Sri Lanka Consolidated Acts

Insertion of new section 26A in the principal enactment

6. The following new section is hereby inserted immediately after section 26 and shall have effect as section 26A of the principal enactment: -

26A.

	(1) The Board may, from time to lime by resolution made in that behalf delegate to the General Manager or to any other officer of the Bank any of its functions or activities, subject to such terms and conditions as may be specified in such resolution and the Board may revoke or withdraw any such delegation.

	(2) Notwithstanding any delegation made under subsection (I) to the General Manager of to any other officer of the Bank, the Board shall have the right to discharge or perform any function or activity so delegated.".