Sri Lanka Consolidated Acts

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Muslim Development Fund, Sri Lanka (Incorporation) Act (No. 25 of 1985) - Sect 8

Corporation. may hold and dispose of property, movable and immovable

8.
(1) The Corporation shall subject to the rules of the Corporation be able and capable in law to take and hold any property, movable or immovable, which may become vested in it by virtue of any purchase, grant, gift, testamentary disposition, or otherwise, and all such property shall be held by the Corporation for the purposes of this Act.
(2) The Corporation shall subject to the rules of the Corporation have full power from time to time to sell, mortgage, lease, exchange or otherwise dispose of any property vested in the Corporation.

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