Sri Lanka Consolidated Acts

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Aiyenayaka Devala Development Mudiyanse Tennakoon Foundation (Incorporation) Act (No. 20 of 2003) - Sect 4

Fund of the corporation

4.(1) The Corporation shall have its own fund and all moneys heretofore or hereafter to be received by way of gift, request, donation, subscription, contribution, fees or grams for and on account of the Corporation shall be deposited to the credit of the Corporation in one or more state banks as the Board of Management shall determine.
(2) There shall be paid out of the Fund of the Corporation all sums of money to defray any expenditure incurred by the Corporation in the exercise, performance and discharge of its powers, duties and junctions under this Act.


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