7.
| (1) All contracts, agreements and other instruments of the Development Finance Corporation of Ceylon subsisting on the day immediately prior to the date of commencement of this Act, shall be deemed to be contracts, agreements or other instruments entered into by the DFCC Bank. |
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| (2) All suits, actions and other legal proceedings instituted by or against the Development Finance Corporation of Ceylon and pending on the day, immediately prior to the date of commencement of this Act, shall be deemed to be suits, actions and other legal proceedings instituted by or against the DFCC Bank. |
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| (3) All the rights, liabilities and obligations of the Development Finance Corporation of Ceylon on the day immediately prior to the date of commencement of this Act, shall be deemed to be the rights, liabilities and obligations of the DFCC Bank. |
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| (4) Every decree, order or judgment entered in favour of or against the Development Finance Corporation of Ceylon by any court in any action or proceeding, shall with effect from the date of commencement of this Act, be deemed to be a decree, order or judgment entered in favour of or against the DFCC Bank and may be enforced accordingly. |
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Sri Lanka Consolidated Acts