Sri Lanka Consolidated Acts

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Ratnapura Sri Sumana Bauddha Sangamaya Law (No. 26 of 1975) - Sect 12

Power of the Corporation to hold property

12. The Corporation shall be able and capable in law to take and hold any property, movable or immovable, which may be 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 Law 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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