Bank of Ceylon (Amendment) Act 2000 · As enacted
7. Amendment of section 20 of the principal enactment
Official English translation. The Sinhala text prevails.
Official translationFrom Department of Government Printing, unchanged
Section 20 of the principal enactment is hereby amended as follows :—
by the substitution in subsection (1) of that section for the words and figures “the provisions of sections 17 and 19 shall apply”, of the words and figures “the provisions of sections 17, 17A and 19 shall apply” ;
“Authorization of person to seize movable property.
Act, No. 54 of 2000
by the repeal of subsection (2) of that section and the substitution of the following subsection therefor :—
“(2) (a) Where—
the borrower is dead ;
bank has been notified, in writing of his death within a period of three months of his death ; and
probate of his will or letters of administration to his estate have not been issued, the District Court of Colombo or the
District Court of the district in which that property is situate or kept may, upon application made in that behalf by the bank and after service of notice of the application on such persons,if any, as the court may order, and if satisfied that the grant of probate or the issue of the letters of administration is likely to be unduly delayed, appoint a person to represent the estate of the borrower for the purposes of this section.
Where the borrower is dead and the bank has been notified in writing of his death within a period of three months of his death, the board shall not take action as specified in section 17 or section 17A or section 19 unless and until a representative of his estate has been appointed under this section.”.
Act, No. 54 of 2000