Debt Conciliation (Amendment) Act (No. 29 of 1999)

Sri Lanka Consolidated Acts

Amendment of section 21A of the principal enactment

4. Section 21 A of the principal enactment is hereby amended as follows :-

(1) by the renumbering of that section as subsection (1) of that section.

(2) in the renumbered subsection (1) of that section"

	(a) by the repeal of all the words from "In any proceeding under this Ordinance" to "the following matters:-" and the substitution therefor of the following :

	(b) in paragraph (d) of that subsection by the substitution for the words "a legally enforceable agreement", of the words "any agreement in whatever form"; and

(3) by the addition of the end of that section of the following new subsection :-

	"(2) The burden of adducing evidence to show that a transfer of immovable properly is in reality a mortgage shall be on the transferor.".