Sri Lanka Consolidated Acts

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Finance Act (No. 11 of 1963) - Sect 71

Disposal of premises acquired by the Bank under the preceding provisions of this Part of this Act

91. Any premises vested in the Bank in consequence of an application made to the Bank for the acquisition of such premises by any person entitled to make such application under the preceding provisions of this Part of this Act may be let by the Bank to such person or where such person is dead, to the surviving spouse, if any, or any descendant of such person upon such terms as will enable the person to whom such premises are let to become the owner thereof after making a certain number of half-yearly payments as rent.


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