Sri Lanka Consolidated Acts

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Katuwana Adults Care Centre Development Foundation (Incorporation) Act (No. 29 of 2000) - Sect 12

Property remaining on dissolution

12. 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 having objects similar to those of the Corporation and which by its rules is prohibited from distributing any income or property among its members.


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