Sri Lanka Consolidated Acts

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National Housing Development Authority Act (No. 17 of 1979) - Sect 35

In certain circumstances security for a loan the Authority not to be seized or sold in execution of a decree which is not in favour of the General Manager

35. Notwithstanding anything to the contrary in any other written law, property, which is security for a loan granted by the Authority for the construction, completion, renovation and repair of any building or buildings and where the building is to be constructed, completed, renovated or repaired is on any other property, such other property shall not be seized or sold in execution of a decree of any court other than a decree in favour of the Authority or the General Manager, as the case may be.


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