Sri Lanka Consolidated Acts

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Palaka Sabhawa of Samastha Lanka Paranparika Ayurveda Vaidya Vidyalaya of Keraminiya, Mawanella (Incorporation) Act (No. 1 of 1986) - Sect 8

Corporation may hold property movable and immovable

8. The Corporation shall be able and capable in law to take and hold any property, 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 of the Corporation, with full power to sell, mortgage, lease, exchange or otherwise dispose of the same.


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