Sri Lanka Consolidated Acts

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New Young Men’s Christian Association, Moratuwa (Incorporation) Act (No. 26 of 1992) - Sect 8

Corporation may hold property movable or immovable

8. The Corporation shall subject to the other provisions of this Act, be able and capable in law to acquire 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 and subject to the rules in force for the time being of the Corporation, with full power to sell, mortgage, lease, exchange or otherwise dispose of the same.


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