Sri Lanka Consolidated Acts

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Institute of Management of Sri Lanka (Incorporation) Act (No. 67 of 1988) - Sect 8

Power of the Corporation to hold property

8. The Corporation shall be able and capable in law to acquire and hold any property, movable or immovable, upon or by virtue of, any instrument of purchase, grant, gift or lease, 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 Corporation, with full power to sell, mortgage, lease, exchange or otherwise dispose of, encumber or charge, the same.


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