Sri Lanka Consolidated Acts

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People's Bank Act (No. 29 of 1961) - Sect 28

Registered address of borrower, &c

28.
(1) Every person-
(a) to whom any loan, overdraft or other accommodation is granted by the Bank, or
(b) who has obtained probate of the will or letters of administration to the estate of a person to whom any loan, overdraft or other accommodation has been granted by the Bank, or who, upon application made in that behalf by the Board, has been appointed by court to represent such estate, or
(c) to whom any right, title or interest whatsoever in any immovable property mortgaged to that Bank as security for any loan, overdraft or other accommodation has passed, whether by voluntary conveyance or by operation of law,
(2) Any notice which is required to be served on any person to whom subsection (1) applies shall be deemed to have been duly served on that person if it is sent by post in a registered letter directed to that person at the address registered by him under that subsection and the service shall be deemed to have been effected at the time at which the letter would be delivered in the ordinary course of post:


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