12.
| (1) Every member of a Credit Council shall pay to the Council one per centum of his monthly consolidated salary per mensem, as a membership contribution. |
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| (2) Such contributions together with dividends thereon, if any, shall be refunded to such member or his nominee authorized by him in writing or in the absence of a nominee to his legal representative on the cessation of employment of such member. |
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Sri Lanka Consolidated Acts