Sri Lanka Consolidated Acts

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Northern Province Teachers' Association Benevolent Fund (Incorporation) Act (No. 18 of 1968) - Sect 5

The Corporation may acquire, hold and dispose of property

5. The Corporation-
(a) may acquire and hold any movable or immovable property by right of purchase, grants, gifts, testamentary disposition or otherwise;
(b) shall hold any property subject to the rules for the time being of the Corporation;
(c) may sell, mortgage, lease, exchange or otherwise dispose of any of its properties;
(d) may invest its funds in accordance with such rules for the time being of the Corporation.


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