Sri Lanka Consolidated Acts

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Sri Lanka Ex-servicemen's Association Law (No. 8 of 1976) - Sect 7

Liabilities and debts, etc. The Corporation may acquire, hold and dispose of property, and borrow money

7. The Corporation-
(a) may acquire and hold property, movable or immovable, by right of purchase, grant, gift, testamentary disposition or otherwise;
(b) shall hold any property subject to the rules for the time being of the Corporation;
(c) may subject to any trust attaching to such property and to the law regulating such trusts, sell, mortgage, lease, exchange or otherwise dispose of any of its properties; and
(d) may borrow money, for the purposes of the Corporation,

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