Sri Lanka Consolidated Acts

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Government Officers' Benefit Association (Incorporation) Act (No. 27 of 1971) - Sect 17

Funds of the Corporation how to be kept and invested

17. The funds of the Corporation shall be placed in the name of the Corporation at one or more banks in Ceylon, as may be 'decided by the Committee of Management, and it shall be lawful for the Committee of Management from time to time to invest such part of the said funds as is not immediately required for the purposes of the business of the Corporation or in connection with the management of its affairs and the achievement of its objects in such manner as may be provided for in the rules of the Association.


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