Skip to content

10. Debts due by and payable to the Foundation

Official English translation. The Sinhala text prevails.

All debts and liabilities of the Foundation existing on the day immediately preceding the date of commencement of this Act shall be paid and discharged by the Corporation hereby constituted and all debts due to, and subscriptions and contributions payable to the Foundation on such day shall be paid to the Corporation for the purpose of this Act.