Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsPower of Corporation to hold property
| 8. The Corporation shall be able and capable in law to take and hold, either as beneficial owner or as trustee or otherwise, any property, movable or immovable, upon or by virtue of, any instrument of purchase, grant, gift or lease or upon or by virtue of any testamentary disposition or otherwise, and all such property shall be held by the- Corporation for the purposes of this Act and subject to the rules for the time being of the said Corporation and upon the trusts and subject to the conditions contained in the relative instrument or disposition, with full power (subject always to the provisions of any written law relating to trusts and of the relative instrument or disposition) to sell, mortgage, lease, exchange otherwise dispose of, encumber or charge, the same. |