Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsPayment of excess
| 54. If the mortgaged property is sold, the Bank shall, after deducting from the sale proceeds the amount due on the mortgage and the moneys and costs recoverable under section 53, pay the overplus, if any, either to the debtor or any person legally entitled to accept the payments due to the debtor, or into the District Court having jurisdiction over the property sold in case the Bank is in doubt as to whom the money is to be paid. |