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12. Debts due by and payable to the organization

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

All debts and liabilities of the Organization existing on the day immediately preceding the date of commencement of this Act, shall be paid by the body corporate hereby constituted and all debts due to and subscriptions and contributions payable to the Organization on that day shall be paid to the body corporate for the purposes of this Act.