Sri Lanka Consolidated Acts

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Recovery of loans by Banks (Special Provisions) Act (No. 4 of 1990) - Sect 6

Procedure where manger is appointed

6.
(1) Any person authorized by resolution of the Board under section 5 in respect of any property shall be entitled generally to take action in terms of the resolution and in particular-
(2) Every person authorized by resolution of the Board under section 5 in respect of any property shall
(3) The Board shall when all sums due to the bank under the mortgage have been fully paid surrender possession of the mortgaged property to the mortgagor and return to him any balance remaining of the income from such property.


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