Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsProperty remaining after the dissolution of the Corporation
| 10. If upon the dissolution of the Corporation any pro- property remains after the discharge of all debts and liabilities, such property shall not be distributed among the of members of the Corporation ; but such property shall be given or transferred to some other Association or Associations with objects similar to those of the Corporation, and which is, or are, by the rules thereof, prohibited from distributing any income or property among it, or their members. Such Association or Associations shall be determined by the members of the Corporation at or immediately before the time of the dissolution of the Corporation. If such property or any part thereof cannot be disposed of in accordance with the provisions of this section, such property or part thereof shall be applied to some charitable object which shall be determined by the members of the Corporation. |