Sri Lanka Consolidated Acts

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Finance Leasing Act (No. 56 of 2000) - Sect 24

Transfer or assignment of lessor's right

24. (I) A lessor may. with written notice to the lessee. transfer or assign all or am of the lessor's rights under a finance lease or in relation to an equipment provided under such lease, to any other registered establishment. (2) A transfer or assignment under subsection (1) shall not relieve the transferor or assignor of its duties — (a) under the finance lease or in any way alter its nature or its legal effect : or (b) in relation to an equipment provided under the finance lease.


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