31.
| (1) Where a deposit with any finance company has lain dormant, that is to say, where a depositor has not called for withdrawal of the deposit on maturity for a period of to ten years after maturity, (or where there has been no receipt by the finance company of any written correspondence from the depositor or his lawful representative in relation to the deposit for a period exceeding ten years), the monies lying in deposit together with interest thereon accrued, if any, shall notwithstanding anything contained in any other law, if the Board so directs, be transferred by such finance company to a special account in the Central Bank of Sri Lanka. |
|
| (2) Any person who furnishes proof to the satisfaction of the Board, that any monies lying to his credit in his name with any finance company registered under this Act or in the name of a person from whom he derives title have been transferred to a special account in the Central Bank of Sri Lanka under subsection (I) shall, subject to such terms, conditions or restrictions as may be imposed, in respect of such monies, by or under any written law, be entitled to repayment of such monies by the Central Bank of Sri Lanka together with the interest payable on. such monies upto the dale of repayment at such rate as the Board may, from time to time determine, or without such interest, if the Board so decides. |
|
| (3) Any monies transferred to a Special account under subsection (1) may be utilised for such purposes as may be determined by the Board after consultation with the Minister in charge of the subject of Finance. |
|
|
Sri Lanka Consolidated Acts