Skip to content

9. Property remaining on dissolution

Feedback & support

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 debts and liabilities, any property whatsoever, such property shall not be distri-buted among the members of the Corporation, but shall be given or transferred to some other association or associa-tions having objects similar to the objects of the Corpora-tion, and which is or are by the rules thereof prohibited from distributing any income or property among its or their members. Such association or associations shall be determined by the members of the Corporation at or immediately before the time of the dissolution of the Corpo-ration.

Report