Act of Parliament · As enacted
Finance Leasing (Amendment) Act 2024
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
This Act may be cited as the Finance Leasing
(Amendment) Act, No. 21 of 2024.
The provisions of this Act, other than the provisions of this section, shall come into operation on such date as the
Minister may appoint by Order published in the Gazette.
The provisions of this section shall come into operation on the date on which the Bill becomes an Act of
Parliament.
s 2Amendment of section 24 of Act, No. 56 of 2000
Section 24 of the Finance Leasing Act, No. 56 of 2000
(in this Act referred to as the “principal enactment”) is hereby amended in subsection (1) of that section, by the substitution for the words “A lessor may, with the written consent of the lessee obtained at the time of entering into the finance lease or thereafter, transfer or assign”, of the words “A lessor may transfer or assign”.
s 3Amendment of section 26 of the principal enactment
Section 26 of the principal enactment is hereby amended in subsection (1) of that section, by the substitution for the words “an attachment in execution of such equipment.”, of the words and figures “an attachment in execution of such equipment, provided the lessor has validly perfected those rights under the Secured Transactions Act,
No. 17 of 2024.”.
Finance Leasing (Amendment)
Act, No. 21 of 2024
s 4Amendment of section 27 of the principal enactment
Section 27 of the principal enactment is hereby amended by the substitution for the words “an equipment under this Act or under a provision of a finance lease, may-”, of the words and figures “an equipment under the Secured
Transactions Act, No. 17 of 2024 or where there are no competing claimants, under a provision of a finance lease, may-”.
s 5Sinhala text to prevail in case of inconsistency
In the event of any inconsistency between the Sinhala and Tamil texts of this Act, the Sinhala text shall prevail.
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Trust Receipts (Amendment)
Act, No. 19 of 2024