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As enacted

7. Debts due and payable to the Foundation

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 Foundation 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 Foundation on the day shall be paid to the Corporation for the purpose of this Act.