Sri Lanka Consolidated Acts

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Co-operative Societies (Special Provisions) Act (No. 35 of 1970) - Sect 18

Payment of compensation

18.
(1) Where no claim to the compensation payable in respect of any property is received in response to the notice under section 17 from any person other than the person from whom that property was requisitioned for the principal society, the Registrar shall cause such compensation to be paid to the person from whom that property was so requisitioned.
(2) Where any claim to compensation payable in respect of any such property is received in response to the notice under section 17 from any person other than the person from whom that property was requisitioned for the principal society, then, if every such claimant and the person from whom that property was so requisitioned amicably agree in writing as to the person entitled to the compensation and the apportionment of the compensation among them, the Registrar shall cause the compensation to be apportioned and paid to such persons according to such agreement. If there is no such agreement, the Registrar shall cause the compensation to be paid to any District Court or Court of Requests according as the amount to be so paid exceeds or does not exceed seven hundred and fifty rupees to be drawn by the persons entitled thereto.


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