Sri Lanka Consolidated Acts

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Public Trustee (Amendment) Act (No. 61 of 1988) - Sect 5

Replacement of section 49 of the principal enactment

5. Section 49 of the principal enactment is hereby repeated and the following section substituted therefor:
49.
(1) Notwithstanding anything to the contrary in the Buddhist Temporalities Ordinance, the Public Trustee may
(a) hold movable property in trust for the benefit of a temple. The income derived from any such property shall vest in the trustee or Controlling Viharadhipathi of that temple in accordance with section 20 of the Ordinance;
(b) manage any immovable property vested in the trustee or Controlling Viharadhipathi of a temple, being immovable property which is twenty acres or over in extent on contract containing such terms and conditions as may be agreed upon by the Public Trustee and such trustee or Controlling Viharadhipathi.
(2) In this section, the expressions "trustee", "Controlling Viharadhipathi" and " temple " shall have the same meanings respectively, as in the Buddhist Temporalities Ordinance.
(3) The provisions of this section shall come into operation on such date as may be appointed by the Minister, by Order published in the Gazette.'.


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