Sri Lanka Consolidated Acts

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Kelani Young Men's Buddhist Association Act (No. 19 of 1966) - Sect 8

Corporation may acquire, hold and dispose of property and borrow money

8. The corporation may acquire and hold any movable or immovable property by right of purchase, grant, gift, testamentary disposition or otherwise and, subject to the rules of the corporation, may sell, mortgage, lease, exchange or otherwise dispose of any movable or immovable property of the corporation and may borrow money with or without security for the purposes of the corporation.


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