Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsSafeguard rights of depositors and creditors
| 54. The authorization to go into voluntary liquidation shall not prejudice the rights of a depositor or other creditor or owner to payment in full of his claim and the rights on an owner of funds or other property held by the licensed commercial bank. All lawful claims shall be paid promptly and all funds and other property held by the licensed commercial bank shall be returned to their rightful owners within such maximum period as the Monetary Board may determine. |