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srilawsby aturio
As enacted
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12. Debts due by and payable to the Institute

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

All debts and liabilities of the Institute existing on the day preceding the date of commencement of this Act, shall be paid or discharged by the Corporation and all debts due to, and subscriptions and fees payable to the Institute on that day, shall be paid to the Corporation for the purposes of this Act.

Read on from s 13