Sri Lanka Consolidated Acts

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Rajapakse Memorial, Educational, Cultural And Social Services Foundation (Incorporation) Act (No. 23 of 1998) - Sect 8

Fund of the Corporation

8.
(1) "The Corporation shall have its own fund and all moneys heretofore or hereafter to be received by way of gift, Request, donation, subscription, contribution fees or grants for and on behalf of the Corporation shall be deposited to the credit of the Corporation in one or more banks as the Council may determine.
(2) There shall be paid out of the fund, all sums of money required to defray any expenditure incurred by the Corporation in the exercise, performance and discharge of its powers, duties and functions under this Act.


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