14.
| (1) All contracts, agreements and other instruments of the Colombo District (Low- lying Areas) Reclamation and Development Board, which subsist or have effect immediately prior to the commencement of this Act shall have effect against, or in favour of the Sri Lanka Land Reclamation and Development Corporation, as fully and effectively as if. instead of the Colombo District (Low-lying Areas) Reclamation and Development Board, the Sri Lanka Land Reclamation and Development Corporation had been a party thereto. |
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| (2) All suits, actions, appeals and other legal proceedings instituted by or against the Colombo District (Low-lying Areas) Reclamation and Development Board, and pending immediately prior to the commencement of this Act, shall not abate or be discontinued, and may be continued or enforced by or against the Sri Lanka Land Reclamation and Development Corporation. |
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| (3) All the rights, liabilities and obligations of the Colombo District (Low-lying Areas) Reclamation and Development Board other than the rights, liabilities and obligations referred to in subsection (1) on the day immediately prior to the commencement of this Act, shall be deemed to be the rights, liabilities and obligations of the Sri Lanka Land Reclamation and Development Corporation. |
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Sri Lanka Consolidated Acts