66.
| (1) The claims set nut hereunder shall have priority as against the general assets of the licensed commercial bank in the order indicated below
| | (a) necessary and reasonable expenses incurred by the Director of Bank Supervision in the application of the provisions of this Part; | | |
| | (b) wages and salaries of officer's and employees of the licensed commercial bank in liquidation for the three month period preceding the revocation of the licence of the licensed commercial bank; | | |
| | (c) taxes, rates, and deposits owed to the Government and Local authorities; | | |
| | (d) fees and assessments due to the Monetary Board ; | | |
| | (e) savings and time deposits to the extent of rupees five thousand or less ; | | |
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| (2) Alter payment of all other claims filed, with interest thereon calculated at a rate to be fixed by the Director of Bank Supervision, with the approval of the Court, any remaining claims which were not filed within the prescribed time shall be paid. |
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| (3) If the amount available in respect of a particular category of claims is insufficient to provide payment in full," the said amount shall be distributed pro-rata among the parties of that claim- |
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Sri Lanka Consolidated Acts