Sri Lanka Consolidated Acts

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Finance Leasing Act (No. 56 of 2000) - Sect 15

Return of equipment

15. Upon the expiration of the period of a finance lease or its prior termination under this Act, the lessee shall return the equipment to the lessor in such condition as is specified in paragraph (c) of section 12, unless the lessee had acquired a right to purchase the equipment or retain it for a further period. Where the lessee fails to return the equipment, the lessor shall have a right to recover possession of the same.


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