Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsNotice of liquidation to be sent to depositors, creditors &c
| 53. Any licensed commercial bank which is subject to voluntary liquidation shall, within thirty days of the receipt of the authorization referred to in section 51 cause a notice of voluntary liquidation, to be sent by registered post to all depositors, to the creditors, and persons otherwise entitled to the funds or property held by such licensed commercial bank as a fiduciary, lessor or a safe deposit box or bailee. The Monetary Board shall specify the information to be included in the notice. The Monetary Board may, where it considers it expedient so to do, exempt the posting of such notice to specified persons upon a showing of reasonable cause therefor by such licensed commercial bank. The notice shall be kept displayed in a conspicuous place within the place of business of the licensed commercial bank, and shall be given such other publicity as the Monetary Board may direct. |