Secured Transactions Act 2009 · As enacted · Part II · Secured Transactions
12. Name of the debtor and secured party
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
Notwithstanding anything contained in any other law, a notice shall be valid and effective if it clearly provides in the case of—
the debtor being a person, the name and the national identity card number of such person;
the debtor being natural person and not a citizen of
Sri Lanka the name of the person as specified on such person’s passport and the place of issue of the passport;
the debtor not being a natural person and is registered under the Companies Act or otherwise recognized as a person in terms of any other law of
Sri Lanka, the name of the debtor as specified on the Register maintained at the Registrar of
Companies or the name recognized under any other law of Sri Lanka;
the debtor being a foreigner other than a natural person, qualified to do business under the
Companies Act, the name of the debtor as specified on the Register maintained at the Registrar of
Companies; or
the debtor being a person other than a person specified in paragraph (iv) of this section, the name of the debtor as specified on the appropriate registry in the country where the foreign person is registered.
When a notice provides the name of the debtor accurately, absence of a trade name or other name of the debtor shall not make such notice invalid:
Provided that such notice shall be invalid if the notice fails to specify accurately the name of the debtor.
A person may provide in a notice the names of more than one debtor and the name of more than one secured party.
Failure to specify the status of a person as an agent of a secured party shall not invalidate such notice.
Part III
Amendment, Continuation and Termination of the Notice
Part IV