Sri Lanka Consolidated Acts

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Business Undertakings (Acquisition) Act (No. 35 of 1971) - Sect 5

Taking possession of property acquired by or vested in the Government

5. Where a business undertaking is acquired by or vested in the Government under this Act, the competent authority appointed under section 3 to manage and administer the affairs of that undertaking shall take possession of the property of that business undertaking.

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