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Contents

Act of Parliament

Secured Transactions Act 2024

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

Official translationFrom Department of Government Printing, unchanged

s 1Short title and date of operation

(1)

This Act may be cited as the Secured Transactions

Act, No. 17 of 2024.

(2)

The provisions of this Act, other than the provisions of this section, shall come into operation on such date as the

Minister may appoint by Order published in the Gazette (in this Act referred to as the “appointed date”).

(3)

The provisions of this section shall come into operation on the date on which the Bill becomes an Act of Parliament.

Part I

Preliminary

Read on from Part I

Part II

Establishment of the Secured Transactions Registration Authority

Read on from Part II

Part III

Creation of Security Rights and Rights of Parties

Read on from Part III

Part IV

Perfection

Read on from Part IV

Part V

Priorities

Read on from Part V

Part VI

Registration

Read on from Part VI

Part VII

General Provisions

Read on from Part VII

Part VIII

Repeals and Savings

Read on from Part VIII

Part IX

Interpretation

Read on from Part IX