8.
| (1) The Association shall subject to the rules in force the time feeing of the Association be capable in law to take and hold any proper, 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 Association for the purposes of this Act |
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| (2) The Association may erect or cause to be erected any building on any land vested or acquired or held by it and may also from time to time sell, grant, convey, demise, assign, exchange and dispose of any property for the time being vested in the Association. |
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Sri Lanka Consolidated Acts