15.
| (1) On registration of a title of co-ownership under paragraph (d) of section 14, the Commissioner of Title Settlement may appoint one among the co-owners as Manager of such co-owned land parcel with the consent of the majority of such co-owners. |
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| (2) Such Manager shall have the authority, powers and obligations of a trustee under the Trusts Ordinance (Chapter 87). |
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| (3) The duties of the Manager shall include the following :"
| | (a) to maintain the said land parcel in a state conducive for optimum production, | | |
| | (b) to disburse the profits accrued from such land parcel among the beneficiaries according to their shares of co-ownership after setting off any expenses and the fees due to him for such management. | | |
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| (4) The power of the Manager shall include the power to mortgage such land parcel with the consent of the co-owners to raise funds for the development of the land parcel. |
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Sri Lanka Consolidated Acts