8.
| (1) The compensation payable under this Act shall be paid to the person who at the time of the requisitioning of the equipment was the owner of such equipment. |
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| (2) Where, on the date of the requisitioning of the equipment, a person, other than the owner of such equipment, was by virtue of a subsisting contract entitled to possession and use of such equipment, the owner to whom compensation is paid shall be deemed to receive it as a trustee for such other person. Agricultural Equipment Act, No. 4 of 1971 |
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Sri Lanka Consolidated Acts