Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsThird party rights not to be prejudiced
| 26. The transfer to the Corporation of all the property, rights and liabilities of the Department of Telecommunications other than those excluded by the agreement referred to in subsection (2), of section 23 shall not in any way be deemed to affect prejudicially the rights of a third party to any contract or agreement subsisting between such third party and the Department of Telecommunications on the day immediately preceding the transfer date and every such contract or agreement shall be valid and enforceable for, or against the Corporation after the transfer date as though every reference in every such contract or agreement to the Department of Telecommunications were a reference to the Corporation. |