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srilawsby aturio
As enacted
Contents

Part XIII

389. Remuneration of receiver

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

(1)

Subject to paragraph (a) of subsection (1)

of section 403, a receiver shall be entitled to receive remuneration on one or more bases and at one or more hourly and percentage rates and fixed levels –

(a)

as may be agreed by the grantee, where the receiver is appointed under an instrument under subsection (1) of section 372 or;

(b)

as may be determined by the court, where the receiver is appointed by the court under subsection (1) of section 373.

(2)

The receiver shall, in addition to remuneration, be entitled to retain the reasonable costs of storage of such records as are required under subsection (3) of section 388.

CHAPTER 6

Reporting by Receiver

Read on from s 390

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