Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsPower of Corporation to hold property
| 5. The Corporation shall be able and capable in law to receive and to hold property, both movable and immovable, upon or by virtue of any purchase, grant, gift, or upon or by virtue of any 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 (subject to any trust attaching to such property and to the law regulating such trusts) to sell, mortgage, lease, exchange or otherwise dispose of the same and to invest its funds in such manner as may be necessary or expedient for the furtherance of its objects. |