Sri Lanka Consolidated Acts

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The Sri Lanka Historical Association (Incorporation) Act (No. 26 of 1998) - Sect 13

Property remaining on dissolution

13. If upon the dissolution of the Corporation there remains, after the satisfaction of all its debts and liabilities, any property whatsoever, such property shall not be distributed among the members of the Corporation but shall be given or transferred to some other institution or institutions having objects similar to those of the Corporation, and which is or are by the rules thereof prohibited from distributing any income or property among its members. Such institution or institutions shall be determined by the members of the Corporation at or immediately before the times of the dissolution of the Corporation.


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