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Part II · Duties of Lessors, LessuEs AND SUPPLIERS

24. Transfer or assignment of lessor’s right

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

(1)

A lessor may, with written notice to the lessee, transfer or assign all or any of the lessor’s rights under a finance lease or in relation to an equipment provided under such lease, lo any other registered establishment.

(2)

A transfer or assignment under subsection (1) shall not relieve the transferor or assignor of its duties —

(a)

under the finance Icase or in any way alter its nature or its legal effect ; or

(b)

in relation to an equipment provided under the finance lease.

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Part IH

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Part IV

Miscellaneous