451. Duty of receiver selling property

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

A receiver who exercises a power of sale of property in receivership, owes a duty to the grantor to obtain the best price reasonably obtainable as at the time of sale.

Read on from s 452

Part XVI

Registrar-General of Companies and Registration Appointment of Officers

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Part XVII

Application of Act to Existing Companies

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Part XVIII

Overseas Companies

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Part XIX

Advisory Commission

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Part XX

Companies Disputes Board

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Part XXI

Offences Miscellaneous Offences

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Part XXII

Miscellaneous Prohibition of Partnership with More Than Twenty Members

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Part XXIII

Repeals and Amendments

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