As enactedVersion · As enacted
7. Foundation
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
The Foundation shall subject to the rules in force for”
the time being of the Corporation be able and capable in.
property law to take over and hold any property, movable or immova-immovable.
ble which may become vested in it'by virtue of any pur-chase, grant, gift, testamentary disposition or otherwise, and all such property shall be held by tht Foundation for the °
purposes of this Act and subject to the rules of the Founda-
, ‘tion, with full‘ power to sell, mortgage, lease, exchange or otherwise dispose of the same.