Sri Lanka Consolidated Acts

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Credit Councils Law (No. 23 of 1975) - Sect 10

Membership contributions

10.
(1) Every member of a Credit Council shall pay to the Council a monthly contribution of such amount not exceeding one per centum of his monthly consolidated salary as may be prescribed subject, however, to a minimum monthly contribution of two rupees.
(2) Such contributions together with dividends thereon, if any, shall be refunded to such member or his legal representative on the cessation of employment of such member.


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