Sri Lanka Consolidated Acts

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Jayatissa Wijesinghe Memorial Educational, Cultural And Social Services Foundation (Incorporation) Act (No. 55 of 1993) - Sect 10

Corporation may hold property movable or immovable

10. The Corporation shall be able and capable in law to acquire and hold either as beneficial owner or trustee or otherwise any property, movable or immovable, which may become vested in it by virtue of any purchase, grant, gift or testamentary disposition or otherwise, and all such property shall be held by the Corporation for the purposes of this Act and the Corporation shall, subject to the rules in force for the time being of the Corporation, and the trust deed relating to any such property, have the full power to sell, mortgage, lease, exchange or otherwise dispose of, encumber or charge the same.


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