2.
| (1) Notwithstanding anything to the contrary in the Universities Act, No. 16 of 1978, there shall be established a unitary and residential university for Bhikkus with the name and style of the Buddhsravaka Bhikku University (hereinafter referred to as "the University"). |
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| (2) The University shall be a body corporate with perpetual succession and with the name assigned to the University by subsection (1), and shall have full power in such name -
| | (i) to sue and to be sued in all courts ; | | |
| | (ii) to have and use a common seal ; | | |
| | (iii) for the purpose of this Act and subject to any Ordinance and rules, to purchase, acquire by gift, testamentary disposition or otherwise, take on lease, or hire, and hold, movable or immovable property : | | |
| | (iv) to sell, hypothecate, lease, exchange or otherwise dispose of any such property. | | |
| | (v) to exercise and perform in accordance with the provisions of this Act all the powers and duties conferred or imposed on the university by any such provisions. | | |
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Sri Lanka Consolidated Acts