Sri Lanka Consolidated Acts

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Partition Law (No. 21 of 1977) - Sect 43

Deposit of purchase money

43. The purchaser of the land or, where the land was sold in lots, the purchaser of each lot shall pay into court the money realized by the sale of the land or of that lot in conformity with the condition prescribed and the orders issued by the court under section 39: Provided that where the purchaser is a co-owner, he shall be allowed credit in the net amount he is entitled to receive out of the proceeds of sale after the deduction of the amounts, if any, payable by him on account of pro rata costs, compensation for improvements, owelty, mortgage debts or otherwise.


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