9. Section 55 of the principal enactment is hereby amended by the insertion immediately after subsection (2) of that section of the following new subsection :-
| "(2A) The Scripless Treasury Bonds issued under this Ordinance shall be transferred, pledged, encumbered, lent, borrowed or otherwise transacted in, as provided by regulations and any transfer, pledge, encumbrance, loan, borrowing or any other transaction effected accordingly shall be valid and effectual notwithstanding any other law relating to such transactions in Treasury Bonds issued in the form of written certificates.". |
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Sri Lanka Consolidated Acts