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41-A Power of the State Bank to remove directors or other managerial persons form office—.(1) where the State Bank is satisfied tha

(a) the association of any chairman or director or chief executive e(by whatever name called )or other officer of a banking company, not being lower in rank than a branch manager, is or is likely to be detrimental to the interests of the banking company or its depositors or otherwise undesirable; or (b) in the public interest; or (c) to preve...

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