Sri Lanka Consolidated Acts

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Mines and Minerals Law (No. 4 of 1973) - Sect 8

Termination of licence

8.
(1) Where the holder of a licence being a limited liability company becomes bankrupt or is adjudicated an insolvent or goes into liquidation, the licence and all rights conferred by such licence shall terminate forthwith.
(2) Where the holder of a licence dies or becomes bankrupt or is adjudicated an insolvent, the licence and all rights conferred by such licence shall terminate forthwith.
(3) Where the holder of a licence being a partnership is dissolved such licence and all rights conferred by such licence shall terminate forthwith.
(4) Where the holder of a licence is a partnership and one of the partners die such licence and the rights conferred by such licence shall terminate forthwith:

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