Sri Lanka Consolidated Acts

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Estate Bazaars (Compulsory Acquisition) Act (No. 19 of 1958) - Sect 2

Intended sale of the whole or any part of any estate bazaar to be notified to the Land Commissioner

2.
(1) An intended sale of the whole or any part of an estate bazaar shall be notified in writing to the Land Commissioner by the prospective vendor at least three months before the date of such sale. Where the intended sale is in execution of the decree of a court, the judgment-creditor shall be deemed to be the prospective vendor for the purposes of this subsection.
(2) A sale of the whole or any part of an estate bazaar without compliance with the provisions of subsection (1) shall be null and void.
(3) This section shall not apply in cases where prior to the coming into force of this Act,-
(a) a contract has been entered into between the proprietor of an estate and the purchaser of a building in the bazaar area of that estate to purchase such building, and
(b) not less than ten per centum of the purchase price for such purchase has already been paid.


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