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srilawsby aturio
As enacted
Contents

Part XIII

384. No defence or indemnity

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

(1)

Notwithstanding anything to the contrary in any other written law or anything in an instrument under which a receiver is appointed –

(a)

it shall not be a defence to proceedings against a receiver for a breach of the duty imposed by section 383 that the receiver was acting as the grantor’s agent or under a power of attorney from the grantor;

(b)

the receiver shall not be entitled to compensation or indemnity from the property in receivership or the grantor in respect of any liability incurred by the receiver arising from a breach of the duty imposed by section 383.

Read on from s 385

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