7.
| (1) As a rule a prize shall be awarded to a single person, group or organisation. In exceptional cases the Board may divide a prize into two or more equal shares where it considers that a number of activities each merit an award. |
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| (2) Where a Laureate refuses a prize, the amount of the prize refused shall remain the property of the Fund. |
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| (3) A prize shall not be awarded posthumously. However if a Loureate dies between the date on which the award is announced and the date scheduled for the award ceremony, the amount of the prize shall be awarded to the winner's heir or heirs. |
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| (4) Where a Laureate or his heirs indicate their desire to accept a prize but is prevented from so doing by force majeure the amount of the prize shall be held for them for a period of five years and thereafter revert to the Fund's assets. |
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Sri Lanka Consolidated Acts