Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsResale by the Bank
| 62. If the property so sold has been purchased on behalf of the Bank, and the sale is not cancelled under section 61, the Board may, at any time, resell the property and transfer to the purchaser by endorsement on a certified copy of the certificate referred to in subsection (3) of section 59, all the right, title and interest which would have been acquired by the purchaser at the original sale. The endorsement shall be liable to the same stamp duty and charges as a certificate to a purchaser at the original sale, and shall, when it is registered in the office of the Registrar of Lands, vest such right, title and interest as aforesaid in the purchaser. |