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As enacted
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Contents

Part IX

184. Appointment of two or more persons as Administrators

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

Two or more persons may be appointed as administrators in any case where this Part provides for the appointment of an administrator.

(2)

Where two or more persons are appointed as administrators –

(a)

an administrator’s functions and powers may be performed or exercised by any one of them, or by any two or more of them together, except so far as the resolution, instrument or order appointing them provides otherwise;

(b)

any liability of the persons as administrators shall be joint and several; and

(c)

a reference in this Act to an administrator refers to whichever one or more of the administrators as the case requires.

Read on from s 185

Part X

Compromises

Read on from Part X

Part XI

Micro Small Medium Enterprise (MSME) Company Debt Restructuring Arrangements

Read on from Part XI

Part XII

Read on from Part XII

Part XIII

Read on from Part XIII

Part XIV

Cross - Border Insolvency

Read on from Part XIV

Part XV

Read on from Part XV

Part XVI

Read on from Part XVI

Part XVII

Read on from Part XVII

Schedules