Sri Lanka Consolidated Acts

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Notional Savings Bank (Amendment) Act (No. 28 of 1995) - Sect 40

Amendment of Section 87 of the principal enactment

40. Section 87 of the principal enactment is hereby amended ns follows : -
(1) by the repeal of the definition respectively of the expressions " approved savings group ", " lottery ", "Panel of Valuer", and "prize competition";
(2) by the repeal of the definition of the expression" commercial bank ', and the substitution therefor of the following definition :-'
(3) by the insertion immediately after the definition of the word " director ", of the following new definition :-
(4) by the insertion immediately after the definition of "prescribe ", of the following new definition :-
(5) by the repeal of the definition of the expression " local authority" and the substitution therefor of the following definition:-'
(6) by the repeal of the definition of the word " purchaser" and the substitution therefor of the following definition-


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