Sri Lanka Consolidated Acts

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International Volunteer Friendship Association (Incorporation) Act (No. 5 of 2000) - Sect 13

Property remaining on dissolution

13. If upon the dissolution of the Corporation there remains after the satisfaction of all its debts and liabilities any property whatsoever, such property shall not be distributed among the members of the Corporation, but shall be given or transferred to some other institution or institutions having objects similar to those of the Corporation and which is or are by its or their rules prohibited from distributing any income or property among its members.


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