Sri Lanka Consolidated Acts

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Recovery of Loans by Banks (Amendment)(Special Provisions) Act (No. 24 of 1995) - Sect 2

Amendment of section 22 of Act, No. 4 of 1990

2. Section 22 of the Recovery of Loans by Banks (Special Provisions) Act. No. 4 of 1990, is hereby amended, by the substitution, for the definition of the word "bank " of the following definition:-" bank " means-
(a) a licensed commercial bank within the meaning of the Banking Act, No. 30 of 1988, other than any bank established under the provisions of the Regional Rural Development Bank Act, No. 15 of 1985:
(b) the Development Finance Corporation of Ceylon established by the Development Finance Corpora-lion of Ceylon Act (Chapter 165) ; and
(c) the National Savings Bank established by the National Savings Bank Act, No. 30 of 1971.'.


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