Sri Lanka Consolidated Acts

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S.D.Bandaranaike Foundation (Incorporation) Act (No. 3 of 2004) - Sect 8

Corporation may hold property movable and 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 properly shall be held by the Corporation for the purposes of this Act with full power to sell, mortgage, lease, exchange or otherwise dispose of the same.


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