382.
| (1) A-receiver or manager of the property of a company appointed under the powers contained in any instrument may make an application to court for directions in relation to any particular matter arising in connection with the performance of his functions, and on any such application the court may give such directions or may make such order declaring the rights of persons before the court or otherwise, as the court thinks just. |
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| (2) A receiver or manager of the property of a company appointed under the provisions of section 381 shall not be personally liable on any contract entered into by him in the performance of his functions
| | (a) unless his contract other and expressly provides ; and | | |
| | (b) except to the extent so provided, and shall, where he is so personally liable, be entitled in respect of that liability to indemnity out of the assets to the same extent as if he had been appointed by order of a court: | | |
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| (3) The provisions of this section shall apply whether the receiver or manager was appointed before or after the appointed date but the provisions of subsection (2) shall not apply to contracts entered into before that date. |
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Sri Lanka Consolidated Acts