Sri Lanka Consolidated Acts

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Islamic Service Society, Akurana (Incorporation) Act (No. 16 of 2000) - Sect 7

Fund of the Corporation

7.
(1) The Corporation shall have its own fund and all moneys received by way of gifts, testamentary dispositions. transfers, donations, or contributions shall be deposited in the name of the Corporation in one or more banks as may be decided by the Board of .Management.
(2) All expenses incurred by the Corporation in the exercise and discharge of the powers and functions of the Corporation shall be paid out of the fund of the Corporation.


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