Sri Lanka Consolidated Acts

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State Mortgage And Investment Bank Law (No. 13 of 1975) - Sect 38

State Mortgage and Investment Bank debentures, securities, stocks and shares

38.
(1) The Board may create and issue debentures, stocks, shares and securities for the purpose of carrying on the business of the Bank.
(2) Such debentures, stocks, shares and securities shall be issued, transferred, dealt with, redeemed and cancelled in accordance with such terms and conditions as may be determined by the Board with the approval of the Minister.

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