Sri Lanka Consolidated Acts

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Aganuwara Taruna Kavi Samajaya (Incorporation) Act (No. 35 of 1985) - Sect 9

Corporation may half property movable and immovable

9. The Corporation shall be able and capable in law to take and hold any property, 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 of the Corporation, with full power (subject to any trust attaching to such property and to the law regulating such trust) to sell, mortgage, lease, exchange or otherwise dispose of the same.


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