Sri Lanka Consolidated Acts

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Ambagahapelessa Sri Sangabodhi Sasanodaya Samithiya (Incorporation) Act (No. 26 of 1993) - Sect 7

Corporation may-hold property-movable or immovable

7. The Corporation shall be able and capable in law to acquire and hold any property both movable or immovable which may become vested in it by virtue of any purchase, grant, gift, testamentary disposition or otherwise and all such property shall be held by the Corporation for the purposes of this Act and subject to the rules in force for the time being of the Corporation, with full power to sell, mortgage, lease, exchange or otherwise dispose of the same.


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