2.
(1) There shall be established an Institute which shall be called the " Sri Lanka Institute of Co-operative Management " (hereinafter referred to as the " Institute ") which shall consist of the persons who are for the time being members of the Institute under section 6. |
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(2) The Institute shall, by the name assigned to it by subsection (1), be a body corporate and shall have perpetual succession and a common seal and may sue and be sued in its corporate name. |
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(3) The members of the Board of Directors shall be the members of the Institute. |
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