42.
| (1) Where the mortgaged land is sold, the appropriate authority shall, with the approval of the Board, sign a certificate of sale in such form as may be prescribed by the Board for the purpose, and thereupon all the right, title and interest of the borrower to and in the land, shall vest in the purchaser; and thereafter it shall not be competent for any person claiming through or under any alienation whatsoever of the right, title or interest of the borrower to and in the land, made or registered after the date of the mortgage of the land to the appropriate authority, in any court to move to invalidate the sale for any cause whatsoever or to maintain any right, title or interest to or in the land as against the purchaser: |
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| (2) A certificate signed by the appropriate authority in accordance with sub-section (1) shall be conclusive proof, with respect to the sale of any land, that all the provisions of this Chapter relating to the sale of the land have been complied with. |
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| (3) Regulations may be made under this Act prescribing the form of the certificate of sale. |
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| (4) Every certificate of sale under this section shall be liable to stamp duty and. charges as if it were a conveyance of immovable property, and to any registration and other charges authorized by law, all of which shall be payable by the purchaser. |
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Sri Lanka Consolidated Acts