7.
| (1) The corporation shall have the right and power to enter into any contract in furtherance of its , aims and objects, subject to the rules of the corporation for the time being. |
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| (2) The corporation shall be able and capable in law to take and hold any property, movable and 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 Law, 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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Sri Lanka Consolidated Acts