Sri Lanka Consolidated Acts

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Co-operative Societies (Special Provisions) Act (No. 35 of 1970) - Sect 4

Appointment of liquidators of dissolved societies

4.
(1) Where the registration of any society is can celled under section 3, the Registrar may appoint on or more persons to be the liquidator or such society (hereinafter referred to as a " dissolved society ").
(2) With effect from the date of the appointment of a liquidator or liquidators of a dissolved society all the property of such society and all privileges conferred such society by or under the principal enactment shall vest in such liquidator or liquidators.


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