Sri Lanka Consolidated Acts

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Mahara Social Development Foundation (Incorporation) Act (No. 48 of 2000) - Sect 8

Fund of the Corporation

8.
(1) The Corporation shall have its own fund and all moneys received by way of gift, bequest, donation. subscription, contribution, fee or grant for and on account of the Corporation shall be deposited to the credit of the Corporation in one or more banks as the Board shall determine.
(2) There shall be paid out of the fund all sums of money required to defray any expenditure incurred by the Corporation it the exercise performance discharge of its powers, duties and function under this Act.


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