86.
| (1) Where, at the time when any property is vested in the Ceylon Transport Board, such property is subject to a mortgage or lease, the rights of the mortgagee or of the purchaser of the mortgaged property under a mortgage decree, or of the lessee, shall, notwithstanding the provisions of section 20 (3), be limited to any sum paid under this Act as compensation in respect of such property. |
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| (2) Nothing in this Act shall affect the right of a mortgagee to have recourse to any property or security other than that vested in the Ceylon Transport Board under this Act for the recovery of the debt secured by the mortgage. |
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| (3) Where, at the time when any property is requisitioned for the Ceylon Transport Board, such property is subject to a lease, the rights of the lessee shall, notwithstanding the provisions of section 21 (6), be limited to any sum paid under this Act as compensation in respect of such property. |
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Sri Lanka Consolidated Acts