Sri Lanka Consolidated Acts

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Paddy Producers' Savings Law (No. 9 of 1973) - Sect 8

Money lying to the credit of any individual savings account of a to be inalienable. Cap. 97

8. Every assignment of, or charge on, any sum lying to the credit of the individual savings account of a producer and every agreement to assign or charge any such sum shall be void, and, where that producer is adjudged insolvent by a competent court, any such sum shall not pass to any assignee acting on behalf of that producer's creditors notwithstanding the provisions of the Insolvency Ordinance.


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