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10. Corporation may hold property movable and immovable

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

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, last will in accordance with the disposal in it 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 with full power to sell, mortgage, lease, ex-change or otherwise dispose of the same.

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