Sri Lanka Consolidated Acts

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Sahanoda Foundation (Incorporation) Act (No. 20 of 2000) - Sect 8

Corporation may hold property movable or immovable

8. The Corporation shall 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. The Corporation shall subject to the rules, for the time being of the Corporation have the full power to sell. mortgage, lease, exchange or otherwise dispose of such property.


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