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Section 9: Application of funds

Trustfundforsoroptimist Day Care Centres Fortheelderlyact

consolidated text (as amended). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

9. Application of funds (1) The property, income or any other fund or money of the Trust Fund shall be applied solely towards the furtherance of the objects of the Trust Fund. (2) No property, income or any other fund or money of the Trust Fund shall be distributed or transferred in any manner by way of dividend, bonus or otherwise.

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