23.
| (1) On such day as the Minister by Order published in the Gazette appoint (in this Act referred to as the "transfer date") ail the property rights and liabilities (other than those excluded by the agreement referred to in subsection (2) to which the Department of Telecommunication was entitled or subject immediately before the transfer date shall vest in the Corporation named " Sri Lanka Telecom " (hereinafter referred to as " the Corporation") established by an incorporation Order made under section 2 of the State Industrial Corporations Act, No. 49 of 1957 and published in Gazette No. 596/11 of February 6, 1990. |
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| (2) At any time before the transfer date the Minister and the Corporation may agree in writing as to the property rights and liabilities which shall remain with the Department of Telecommunications after that date. |
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Sri Lanka Consolidated Acts