Sri Lanka Consolidated Acts

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National Housing Development Authority Act (No. 17 of 1979) - Sect 60

Re-sale by Authority

60.
(1) Where the land sold is purchased by the Authority and the sale is not cancelled under section 59, the Authority may at any time re-sell the land and transfer to the purchaser by endorsement on such copy of the certificate of sale as is certified by the Authority to be a true copy, all the right, title and interest to or in that land acquired by the Authority.
(2) The provisions of subsection (4) of section 56 shall apply to an endorsement made under subsection (1) of this section in like manner as they apply to a certificate of sale.
(3) An endorsement made under subsection (1) shall, when it is registered in the office of the Registrar of Lands, vest in the purchaser specified in that endorsement such right, title and interest as are so specified.


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