Sri Lanka Consolidated Acts

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Tourist Development Act (No. 14 of 1968) - Sect 51

Provisions of Debt Conciliation Ordinance and of section 111A of Inland Revenue Act not to apply. Cap. 81

51.
(1) The provisions of the Debt Conciliation Ordinance shall cease to apply in respect of any debt incurred or loan obtained on the security of any land alienated by the Board under this Part, and such provisions shall be read and construed accordingly.
(2) Section 111A of the Inland Revenue Act, No. 4 of 1963, shall cease to apply to any land alienated by the Board and, accordingly, no such land shall be liable to be vested in the Crown under the provisions of that section.

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