2.
| (1) There shall be established a unitary and residential University for Bhikkhus. The University, so established, shall have the name and style of " The Buddha Sravaka Dharmapithaya ". |
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| (2) The University shall have its seat on such site as the Minister may determine by Order published in the Gazette. |
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| (3) The Dharmapithadhipati and the members for the time being of the Anusasaka Mandalaya, the Board of Education and Administration and the Dayaka Mandalaya shall be a body corporate with perpetual succession and with the same name as that assigned to the University by sub-section (1), and shall have power in such name-
| | (a) to sue and be sued in all courts ; | | |
| | (b) to have and use a common seal ; | | |
| | (c) for the purposes of this Act and subject to the Statutes and Rules to purchase, acquire by gift, testamentary disposition or otherwise, take on lease or hire, and hold any movable or immovable property ; | | |
| | (d) to sell, hypothecate, lease, exchange or otherwise dispose of any such property ; and | | |
| | (e) to exercise and perform in accordance with the provisions of this Act and of the Statutes and Rules, whenever necessary, all the powers and duties conferred or imposed on the University by any of such provisions : | | |
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Sri Lanka Consolidated Acts