Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsProperty vested in Corporation
| 12. On the coming into operation of this Act all property belonging to the Association, whether held in the name of the Association or in the name of any person or persons in trust for the Association, is hereby vested in the Corporation hereby constituted, and the same, together with all after-acquired property, both movable and immovable, and all subscriptions, contributions, donations, fines, amounts of loans and advances received or to be received, shall be held by the Corporation for the purposes of this Act and subject to the rules for the time being of the Corporation. |