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Part XVI

431. Insolvency holding account and insolvency surplus account

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

(1)

An account called the Insolvency Holding

Account shall be kept by the Official Receiver with such bank as may from time to time be approved by the

Minister.

(2)

An Account called the Insolvency Surplus Account shall be kept by the Official Receiver with such bank as may from time to time be approved by the Minister.