Sri Lanka Consolidated Acts

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Parappuduwa Dasasil Mathas' Island Association (Incorporation) Act (No. 46 of 1993) - Sect 7

Corporation may hold property movable and immovable

7. The Corporation shall 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 and subject to the rules of the Corporation for the time being in force with full power to sell, mortage, lease exchange or otherwise dispose of the same.


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