Sri Lanka Consolidated Acts

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Ceylon Tourist Board Act (No. 10 of 1966) - Sect 55

Transfer, of properties, &c, of the Government Tourist Bureau or the Tourist Development Board to the Board

55. On the appointed date,-
(a) all movable and immovable properties of the Government Tourist Bureau or the Tourist Development Board shall vest in and be the properties of the Board; and
(b) all contracts and liabilities of that Bureau and Development Board as may be declared by the Minister by Order published in the Government Gazette shall be deemed to be the contracts and liabilities of the Board, and all subsisting rights and obligations of that Bureau or Development Board under contracts so declared shall be deemed to be the rights and obligations of the Board.

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