Sri Lanka Consolidated Acts

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National Savings Bank Act (No. 30 of 1971) - Sect 48

Registered address and notices

48.
(1) Every person- shall register with the Bank an address to which all notices to him may be addressed.
(a) to whom a loan is granted by the Bank on the mortgage of immovable property; or
(b) who has obtained probate of the will or letters of administration to the estate of a person to whom any loan has been so granted, or who, upon application made in that behalf by the Bank, has been appointed by court to represent such estate; or
(c) to whom any right, title or interest whatsoever in any immovable property mortgaged to such Bank as security for any loan has passed, whether by voluntary conveyance or by operation of law,
(2) Any notice which is required to be served on any person to whom sub-section (1) applies shall be deemed to have been duly served on that person if it is sent by post in a registered letter directed to that person at the address registered by him under that sub-section, and the service shall be deemed to have been effected at the time at which the letter would be delivered in the ordinary course of post:


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