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10. Corporation may hold and dispose of property movable and immovable

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

The Corporation shall subject to the rules of the Corporation made under section 6 be able and 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 subject to the afore said rules of the Corporation with full power to sell, mortgage, lease, exchange or otherwise dispose of the same.