Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsDirector of Bank Supervision to issue statement to depositors
| 62. As soon as possible after the cancellation of a licence becomes final, the Director of Bank Supervision shall dispatch by registered post to all depositors, owners, other creditors, safe deposit box lessees, and the bailers of property held by the licensed commercial bank, a statement of the nature and amount for which their claim is shown in the licensed commercial bank's books. The statement shall specify that any objections if any must be filed with the Director of Bank Supervision before a specified date not later than sixty days from the issue thereof, and shall invite safe deposit box lessees and bailers to withdraw their property in person. The Director of Bank Supervision may, subject to confirmation by the Monetary Board, obtained prior to the commencement of the sixty day period, exempt the dispatch of the statements by post to specified persons upon the licensed commercial bank showing reasonable cause therefor. |