Incorporation of the Institute of Supply and materials Management
2. From and after the date of commencement of this Act, such and so many persons as now are corporate members of the Institute of Supply and Materials Management (herein- after referred to as " the Institute ") or shall hereafter be admitted corporate members of the Corporation hereby constituted, (so long as they continue to be corporate members) shall be and become a Corporation with perpetual succession under the style and name of "The Institute of Supply and Materials Management, Sri Lanka " (hereinafter referred to as " the Corporation ") and by that name may sue and be sued in all Courts, with full power and authority to have and use a common seal and to alter the same at its will and pleasure. |