Sri Lanka Consolidated Acts

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Ceylon Railway Guards' and Locomotive Enginemen's Provident Association (Incorporation) Act (No. 15 of 1969) - Sect 11

Corporation may hold property movable and immovable

11. The Corporation shall have power to take and hold any property, movable or immovable, upon or by virtue of any instrument of purchase, grant, gift or lease or upon or by virtue of any testamentary disposition or otherwise, and all such property shall be held by the Corporation for the purposes of this Act with power to sell, mortgage, lease, exchange or otherwise dispose of, encumber or charge the same subject only to the provisions of section 12.


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