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13. Property remaining on dissolution

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

If upon the dissolution of the Corporation there remains after the satisfaction of all its debts and liabilities, any property whatsoever, such property, shall not be distributed among the members of the

Corporation but shall be given or transferred to some other institution or institutions having objects similar to the objects of the Corporation and which is, or are by the rules thereof prohibited from distributing any income or profit among its or their members. Such institution or institutions shall be determined by the members of the Corporation at or immediately before the time of dissolution of the Corporation.