As enactedVersion · As enacted
National Institute of Co-operative Development (Incorporation) Act 2001 · As enacted · Part VI · General
25. Acquisition of private lands for the purposes of the Institute
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
(1)
Where any immovable property is required to be acquired for any specific purpose of the Institute and the
Minister by Order published in the Gazette, approves the proposed acquisition for that purpose, that property shall be deemed to be required for a public purpose and may accordingly be acquired under the Land Acquisition Act, and be transferred to the Institute.
(2)
Any sum payable for the acquisition of any immovable property under the Land Acquisition Act for the Institute, shall be paid out of the fund of the Institute.