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11. Property remaining on dissolution

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

If upon the dissolution of the corporation, there remains after the satisfaciton of all debts and liabilities, any property, whatsoever, such property shall not be distributed among the members of the Corporation but shall be given or transferred to some other institute or institutes having objects similar to those of the corporation and which is or are by the rules prohibited from distributing any income or profit among its or their members. Such society or societies shall be determined by the members of the corporation at or immediately before the time of dissolution of the

Corporation.