Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsProperty remaining on dissolution
| 15. If upon the dissolution of the Corporation there remains, after the satisfaction of all its 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 any other institution or institutions having objects similar to those of the Corporation and which is or are by their rules prohibited from distributing any income or property among its or their members. Such institution or institutions shall be determined by the members of the Corporation at or immediately before the time of dissolution of the Corporation. |