26.
| (1) Where, during the continuance of a hire- purchase agreement, the hirer is adjudged insolvent under any law with respect to insolvency for the time being in force, the assignee shall have in respect of the goods which are in the possession of the hirer under the agreement, the same rights and obligations as the hirer had in relation thereto, |
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| (2) The assignee may with the permission of the District Court assign the rights and obligations of the hirer under the agreement to any other person and the assignee shall have all the rights and be subject to all the obligations of the hirer under the agreement. |
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Sri Lanka Consolidated Acts