Sri Lanka Consolidated Acts

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T. B Ilangaratne Sahurda Sansadaya (Incorporation) Act (No. 36 of 1998) - Sect 8

Corporation may hold property movable and immovable

8. The Corporation shall be able and capable in Law to acquire and hold any property movable or immovable, which may become vested in it by virtue of any purchase, grant, gift or 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 Corporation, with full power to sell, mortgage, lease, exchange or otherwise dispose of, encumber or charge the same.


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