Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsCorporation may hold property movable and immovable
| 8. The Corporation shall be capable in law to 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 subject to the rules in force for the time being of the Corporation, with full power to sell, mortgage, lease, exchange or otherwise dispose of the same, and may raise or borrow money, with or without security, for the purposes of the Corporation. |