Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsTermination of fiduciary functions
| 61. As soon as possible after the cancellation of a licence becomes final, the Director of Bank Supervision shall make a final distribution by taking such steps as are necessary to terminate all functions performed In a fiduciary capacity by the licensed commercial bank and return all assets and property held by the licensed commercial bank as a fiduciary to the owners thereof, and settle its fiduciary accounts. |