As enactedVersion · As enacted
7. Debts due by and payable to the Institution
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
All debts and liabilities of the Institution existing on the day preceding the date of commencement of this
Act shall be paid by the Corporation hereby constituted and all debts due to and subscriptions and contributions payable to the Institution on that day shall be ‘paid to the
Corporation for the purposes of this Act.