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srilawsby aturio
As enacted
Contents

Part IX

227. Appointment of two or more deed administrators

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

(1)

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

(2)

Where two or more persons are appointed as deed administrators –

(a)

a deed 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 deed of company arrangement provides otherwise;

(b)

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

(c)

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

Read on from s 228

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