Sri Lanka Consolidated Acts

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Centre For Islamic Studies, Colombo (Incorporation) Act (No. 44 of 1991) - Sect 9

Corporation may hold and dispose of property movable and immovable

9. The Corporation shall subject to the rules in force for the time being of the Corporation be able and capable in law to acquire 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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