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srilawsby aturio
As enacted
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Part V · Winding Up of Licensed Bank

70. Remuneration of the liquidator

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

The liquidator shall be paid such remuneration as may be specified by the court as a percentage of the value of the assets of the licensed bank subject to winding up or as the court may otherwise specify.

(2)

The remuneration specified by the court under subsection (1) and such reasonable and incidental expenses incurred by the liquidator in the process of winding up of the licensed bank shall be paid from the existing assets of such licensed bank.

Read on from s 71

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