Sri Lanka Consolidated Acts

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Institute Of Automotive Engineers Of Sri Lanka (Incorporation) Act (No. 48 of 1992) - Sect 8

Power of the Corporation to hold property

8. The Corporation shall be capable in law to take and hold any property, movable or immovable, which may be vested in it by virtue of, any purchase, grant, gift lease, 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, encumber or charge the same.


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