Sri Lanka Consolidated Acts

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Badulla Subhasadhaka Sangamaya (Incorporation) Act (No. 27 of 1984) - Sect 8

Corporation may hold property movable and immovable

8. The Corporation shall, subject to the rules of the Corporation, be capable in law to -
(a) 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
(b) sell, mortgage, lease, exchange or otherwise dispose of the same.

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