Skip to content
srilawsby aturio
As enacted
Contents

11. Cofl)Or:ition may hold propcny 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 be able and capable in law to acquire 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 rules of the Corporation to sell, mortgage. lease, exchange or otherwise dispose of same.

Read on from s 12