Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 389

Construction of reference to receivers and managers

389. It is hereby declared that, except where the context otherwise requires
(a) any reference in this Act to a receiver or manager of the property of a company, or to a receiver thereof, includes a reference to a receiver or manager, or (as the case may be) to a receiver of part of that property and to a receiver only of the income arising from that property or from part thereof ; and
(b) any reference in this Act to the appointment of a receiver or manager under powers contained in any instrument includes a reference to an appointment made under powers which, by virtue of any enactment, are implied in and have effect as if contained in an instrument.


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