Housing Development Finance Corporation of Sri Lanka Act 1997 · As enacted · Part VI · General
39. Transfer of assets and liabilities of the Housing Finance Development Corporation of Sri Lanka Lid
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Notwithstanding anything to the contrary in any other
Law, the members of the building society registered under the Nationa! Housing Act (Chapter 401) as the Housing
Development Finance Corporation of Sri Lanka Ltd., may resolve to transfer all its assets and liabilities to the
Corporation, and upon such resolution, the assets and liabilities of the Housing Development Finance Corporation of Sri Lanka Ltd., shall stand transferred to the Corporation with effect from the date of such resolution and the Housing °
Development Finance Corporation of Sri Lanka Ltd., shall be deemed to have been dissolved with effect from that date.