Sri Lanka Consolidated Acts

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Sri Lanka Institute Of Taxation(Incorporation) Act (No. 21 of 2000) - Sect 12

Corporation may hold property movable and immovable

12. The Corporation shall be able and capable in law to take 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 time being with full power to sell. mortgage, lease, exchange or otherwise dispose of the same.


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