Sri Lanka Consolidated Acts

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Habarakuda Siri Darmawijeya Sahana Sewa Foundation (Incorporation) Act (No. 18 of 2000) - Sect 9

Corporation to be a non-profit organization

9.
(1) The Corporation shall be as a non-profit organisation and no part of the gains, profits of dividends, if any, of the Corporation shall be distributed among the members of the Corporation.
(2) In the case of the dissolution of the Corporation all the assets remaining after payment of all debts and liabilities thereof, shall be transferred to an organisation established exclusively for charitable or educational purposes and which. is by the rules thereof, prohibited from distributing assets among its members.

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