Sri Lanka Consolidated Acts

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Tax Reserve Certificates Act (No. 22 of 1957) - Sect 11

Restriction of seizure of certificates

11. No certificate and no right, title and interest to or in a certificate or any sum represented thereby shall at any time be seized, attached or sequestered in execution of any decree, order or process of any court:Provided, however, that nothing in the preceding provisions of this section shall prevent, or be deemed or construed to prevent, the seizure, attachment or sequestration of any certificate, in proceedings under the Insolvency Ordinance, in pursuance of the adjudication as insolvent of the certificate holder.


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