Sri Lanka Consolidated Acts

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Sri Lanka Library Association (Incorporation) Law (No. 20 of 1974) - Sect 10

Corporation may acquire, hold and dispose of property, and borrow money

10. The Corporation-
(a) may acquire and hold any movable or immovable property 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 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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