Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsLimit of retention of property by the bank
| 19. If at any sale in pursuant, of the preceding provisions of this Act, a bank has purchased . any property sold for default in the payment of a loan, the bank shall not hold such property for a longer period than it is necessary to enable the bank to re-sell the property for such a sum as will cover the total amount due to the bank on account of the loan, interest, expenses and costs. |