Sri Lanka Consolidated Acts

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Young Men's Buddhist Association, Udunuwara (Incorporation) Act (No. 50 of 1992) - Sect 8

Corporation may hold property movable and immovable

8. The Corporation shall be able and capable 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 in force for the time being of the Corporation, with ,full power to mortgage, sell, lease, exchange or otherwise dispose of the same.


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