Sri Lanka Consolidated Acts

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Young Men's Buddhist Association, Dehiwala-Mount Lavinia Act (No. 34 of 1961) - Sect 10

Corporation may hold property, movable and immovable

10. The corporation shall be 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 purposes of this Act and subject to the rules for the time being of the said corporation, with full power to sell, mortgage, lease, exchange, or otherwise dispose of the same.


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