Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsPriority of charge created by loan made by prescribed bank
| 30. Notwithstanding anything to the contrary in any law for the time being in force, any charge or mortgage created on any land or interest therein in favour of a prescribed bank in respect of any loan granted to any owner cultivator or occupier of an agricultural land by a prescribed bank shall have priority over any other charge or mortgage that may have been created over such land or interest therein in favour of any person prior to the date on which the charge or mortgage was created in favour of the prescribed bank. |