Sri Lanka Consolidated Acts

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Sri Punyodaya Samitiya (Incorporation) Act (No. 33 of 1986) - Sect 9

Corporation may hold property movable and immovable

9. The Corporation shall be capable in law to take 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 shall, subject to the rules of the Corporation, have full power to sell, mortgage, lease, exchange or otherwise dispose of the same.


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