Sri Lanka Consolidated Acts

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Land Development (Amendment) Act (No. 16 of 1969) - Sect 19

Replacement of sections 42 and 43 of the principal enactment

19. Sections 42 and 43 of the principal enactment are hereby repealed and the following sections are substituted therefor : -
42. The owner of a holding may dispose of such holding to any other person except where the disposition is prohibited under this Ordinance, and accordingly a disposition executed or effected in contravention of the provisions of this Ordinance shall be null and void.
43. The owner of a holding-
(a) shall not lease such holding to any other person except in such circumstances as may be prescribed; and
(b) shall not mortgage such holding to any person other than the Agricultural and Industrial Credit Corporation of Ceylon or the People's Bank or the Ceylon State Mortgage Bank or a registered society or other prescribed institution. ".


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