Sri Lanka Consolidated Acts

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National Kidney Foundation of Sri Lanka (Incorporation) Act (No. 34 of 2006) - Sect 8

Fund of the Corporation

8.
(1) The Corporation shall have its own fund and it shall consist of all moneys received by way of gifts, testamentary dispositions, grants, donations, contributions or fees in cash or kind.
(2) All moneys received shall be deposited in the name of the Corporation in one or more banks and be invested in any suitable manner to achieve the objects of the Corporation as may be decided by the Board of Management.
(3) All expenditure incurred by the Corporation in the exercise performance and discharge of the powers, duties and functions of the Corporation shall be paid out of the fund of the Corporation.


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