35.
| (1) Upon the coming into force of the Incorporation Order, a Higher Educational Institute having the status of a University, with the name and style assigned to it by that Order, shall be deemed to have been established, and by which name the Chancellor, the Pro-Chancellor, the Vice-Chancellor and the members for the time being of the Board of Regents and the Senate shall be deemed to have been constituted a body corporate with perpetual succession and with full power and authority by and in such name-
| | (a) to sue and be sued in all Courts; | | |
| | (b) to have and use a common seal and to alter the same at its pleasure; | | |
| | (c) to purchase any property movable or immovable, and to take, accept and hold any such property which may become vested in it by virtue of any such purchase, or by any grant or donation, lease, testamentary disposition or otherwise; | | |
| | (d) to sell, hypothecate, lease, exchange, or otherwise dispose of any such property: | | |
| | (e) to exercise, discharge and perform all such powers, duties and functions as may be conferred or imposed on the University by this Act or any appropriate Instrument. | | |
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| (2) The powers conferred on a University by the preceding provisions of this section shall, unless otherwise expressly provided by this Act or any appropriate Instrument, be exercised by the Board of Regents. |
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Sri Lanka Consolidated Acts