Skip to content
srilawsby aturio
As enacted
Contents

Part IV · Acquisition of Immovable and Mov,\ Ble Property and Sale of Lands Belonging to the Authority

40. Fixing an upset price

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

The Authority may fix an upset price below which the property mortgaged to the Authority as security for the loan shall not be sold to any person other than the Authority.

Read on from s 41

Part VI

Recovery of Possession of Flats, Living Actommodation or Any Other Building Belonging to the Alltiiority by the Director General

Read on from Part VI