7.
| (1) On the coming into operation of this Act, all property of the Conference both movable and immovable whether held in the name of the Conference or in the name of any person or persons in trust for the Conference or for the benefit of any Seminary, Institution or Centre established or maintained by the Conference shall be and is hereby vested in the Corporation and such property together with all property hereafter to be acquired both movable and immovable and all subscriptions, donations, loans and other moneys received or to be received shall be held by the said Conference for the purposes of this Act and subject to the rules for the time being of the Corporation. |
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| (2) Any instrument of conveyance, transfer or assignment executed by the Archbishop of Colombo or the Bishop of Galle or the Bishop of Kandy or the Bishop of Jaffna or the Bishop of Manner or the Bishop of Trincomalee Batticaloa or the Bishop of Chilaw or the Bishop of Anuradhapura or the Bishop of Badulla in favour of the Catholic Bishops' Conference in Sri Lanka of all the property movable or immovable which by reason of the incorporation of the Catholic Bishops' Conference in Sri Lanka becomes subject to the administration of the Catholic Bishops' Conference in Sri Lanka, shall be deemed to be an instrument chargeable under Part I item 23(7) of Schedule A to the Stamp Ordinance. |
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Sri Lanka Consolidated Acts