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As enacted

5. Corporation may hold property movable or 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 to 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 purpose of this Act and subject to the rules of the Corporation, with full power to sell, lease, rent, exchange or otherwise dispose of the same.