20.
| (1) Where after making a valid nomination the membership of any person in a Janawasa is terminated by his death, the Janawasa may-
| | (a) if the nominee so desires and is otherwise eligible for membership according to the provisions of this Law and the regulations and by-laws made thereunder register him as a member; or | | |
| | (b) in the case of a nominee who is less than eighteen years of age at the data of the termination of membership, register him if he reaches the age of eighteen years within five years of such date and is eligible according to the provisions of this Law and the regulations and by-laws made thereunder; or | | |
| | (c) if the nominee does not so desire or is not eligible to membership the Janawasa shall, after the expiry of a period of two years reckoned from the date of the death of the member, pay the nominee such sum as it considers reasonable being the value of the deceased person's share and of any improvements done by him, if any, to any extent leased for residential purposes, as at the date of the financial year immediately preceding the date of his death; | | |
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| (2) Where, without making a valid nomination the membership of any person in a Janawasa is terminated by death, or where the membership of any person is terminated for any other reason specified in section 19, the Janawasa shall deal with his shares and other Interests in such manner as it may appear to be just and equitable, and shall after the expiry of the period of two years reckoned from the date of termination of membership, pay the past member or his dependants such sum as it considers reasonable being the value of the past member's share and of any improvements done by him, if any, to any extent leased to such past member for residential purposes, as at the date of the financial year immediately preceding the date of termination of membership: |
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| (3) From the amount payable to any person under this section, the Janawasa may deduct such sum as it considers reasonable being the amount of any loss or damage caused by such member or his dependant to the Janawasa property. |
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| (4) All transfers and payments made by a Janawasa in accordance with the provisions of this section shall be valid and effectual as against any demand upon the Janawasa by any other person. |
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Sri Lanka Consolidated Acts