Sri Lanka Consolidated Acts

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Church of the Foursq Uare Gospel in Sri Lanka (Incorporation) Act (No. 37 of 1986) - Sect 4

Corporation to be a non-profit organisation

4.
(1) The Corporation shall be organised and operated as a non-profit organisation, and no part of the gains, profits or dividends of the Corporation shall be distributed amongst the members of the Corporation.
(2) In the event of the dissolution of the Corporation all the assets remaining after payment of all debts and liabilities thereof, shall be disposed of exclusively to or benefit of any fund or organisation, established or organised exclusively for religious, charitable or educational purposes.

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