Sri Lanka Consolidated Acts

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International Volunteer Friendship Association (Incorporation) Act (No. 5 of 2000) - Sect 10

corporation may hold property movable and immovable

10. The Corporation shall be able and capable in law. to acquire and hold any property movable or immovable which may become vested in it by virtue of purchase, grant, gift, testamentary disposition or otherwise, and all such property shall be held by the Corporation for the purposes of this Act, and shall 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.


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