Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsPower of board of governors to deal with immovable property
| 10. The power conferred on the corporation by section 8 of this Act to sell, mortgage, lease, exchange or otherwise dispose of immovable property shall, except the power to grant a lease for a period not exceeding one year, be exercised by the board of governors subject to the rules in force for the time being of the corporation. The board shall, however, obtain the prior sanction of a general meeting for every such transaction. |