Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

Insurance Corporation Act (No. 2 of 1961) - Sect 29

Acquisition of immovable property under the Land Acquisition Act for the Corporation

29.
(1) Where any immovable property is required to be acquired for the purpose of the business of the Corporation and the Minister, by Order published in the Gazette approves of the proposed acquisition, that property shall be deemed to be required for a public purpose and may accordingly be acquired compulsorily under the Land Acquisition Act and be transferred to the Corporation.
(2) Any sum payable for the acquisition of any immovable property under the Land Acquisition Act for the Corporation shall be paid by the Corporation.
* See section 57 (2) of Act No. 18 of 1965.


[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]