Corporation may hold property movable and immovable
8. The Corporation shall, subject to the rules in force for the time being of the Corporation be capable in law to-
(a) 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
(b) sell mortgage, lease, exchange or otherwise dispose of the same.
Sri Lanka Consolidated Acts