24. Except as otherwise excluded by the agreement referred to in subsection (2) of section 23, with effect from the transfer date"
| (a) all contracts, leases or tenancy agreements entered into by, with or for the Department of Telecommunications and subsisting on the day immediately preceding the transfer date shall be deemed with effect from that date to be contracts, leases or tenancy agreements entered into by, with or for the Corporation ; |
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| (b) all interests, rights, easements, obligations, debts and liabilities of the Department of Telecommunications subsisting on the day immediately preceding the transfer date shall with effect from that date be deemed to be the interests, rights, eosements obligations, debts and liabilities of the Corporation ; |
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| (c) all installations, plant and equipment and other property installed and maintained or are in the process of beine1 installed and maintained by the Department of Telecommunication and all matters and things of whatever description inquired or used to maintain or supply the telecommunication service of the Department of Telecommunications subsisting on the day immediately preceding the transfer date shall be transferred to and be vested in the Corporation with effect from that date ; |
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| (d) the Corporation shall have the right to recover or receive any moneys that on the day immediately before the transfer date were due and owing to the government in respect of, or for or on account of the telecommunication system transferred under this Act to the Corporation or that would after the transfer date have become due to the Government if such transfer had not taken place. |
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Sri Lanka Consolidated Acts