Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsAccounts
| 40. Notwithstanding the provisions of section 39, the Bank may, by resolution of the Board, at any time refuse to open an account in the name of any person or any thrift, benevolent, provident or charitable society, association or institution, and may, where an account has been opened, give thirty days' notice in writing to any person or to the treasurer, trustees, or officers of any body, to withdraw from the Bank all or any part of the money lying to the credit of such person or body, and from and after the expiration of such thirty days no interest shall be payable on the sum of money to which such notice relates. |