Sri Lanka Consolidated Acts

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Padmanabha Foundation (Incorporation) Act (No. 31 of 1993) - Sect 11

Property remaining on dissolution

11. 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 transferred to the Public Trustee to be used for purposes identical with, or similar to, that of the objects of the Corporation.

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