Finance Leasing (Amendment) Act 2024

This Act may be cited as the Finance Leasing

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

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

Section 24 of the Finance Leasing Act, No. 56 of 2000

(in this Act referred to as the “principal enactment”) is hereby amended in subsection (1) of that section, by the substitution for the words “A lessor may, with the written consent of the lessee obtained at the time of entering into the finance lease or thereafter, transfer or assign”, of the words “A lessor may transfer or assign”.

Section 26 of the principal enactment is hereby amended in subsection (1) of that section, by the substitution for the words “an attachment in execution of such equipment.”, of the words and figures “an attachment in execution of such equipment, provided the lessor has validly perfected those rights under the Secured Transactions Act,

No. 17 of 2024.”.

Finance Leasing (Amendment)

Act, No. 21 of 2024

Section 27 of the principal enactment is hereby amended by the substitution for the words “an equipment under this Act or under a provision of a finance lease, may-”, of the words and figures “an equipment under the Secured

Transactions Act, No. 17 of 2024 or where there are no competing claimants, under a provision of a finance lease, may-”.

In the event of any inconsistency between the Sinhala and Tamil texts of this Act, the Sinhala text shall prevail.

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Trust Receipts (Amendment)

Act, No. 19 of 2024