Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsPower of Corporation to hold property
| 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, upon, or by , virtue of, any instrument of purchase, grant, gift, or lease, or upon or by virtue of any testamentary disposition or otherwise, subject to written law for the time being in force relating to movable and immovable property and all such property shall be held by the Corporation for the purposes of this Act and subject to the rules for the time being of the Corporation or otherwise for the purposes of and upon the trusts, and subject to the conditions in the relative instrument or disposition contained, with full power (subject always to the provisions of any written law relating to trusts and of the relative instrument or disposition) to sell, mortgage, lease, exchange or otherwise dispose of encumber or charge the same. |