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srilawsby aturio
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Part V · Winding Up of Licensed Bank

82. Disposal of assets, liabilities, or shares, &c in a winding up

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

Subject to the provisions of section 84, the liquidator may, with the concurrence of the Central Bank and with the approval of the court, dispose of all or part of any assets, liabilities, legal rights and obligations or any property of the licensed bank after the commencement of winding up under this Part of this Act.

Read on from s 83

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