Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsResale by Bank
| 58. If the property so sold has been purchased on behalf of the Bank, and the sale is not cancelled under section 57, the Board may, at any time, resell the property and transfer to the purchaser by endorsement on a certified copy of the certificate referred to in sub-section (3) of section 55, all the right, title, and interest which would have been acquired by a purchaser at the original sale. The endorsement which shall be liable to the same stamp duty and charges as a certificate to a purchaser at the original sale, shall when it is registered in the office of the Registrar of Lands vest such right, title, and interest as aforesaid in the purchaser. |