Skip to content
As enacted

10. Corporation may hold 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 be able and capable in law to take and hold any property movable or immovable and 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 ruels in force for the time being of the Corporation, with full power to mortgage, sell, lease, exchange or otherwise dispose of the same.