As enactedVersion · As enacted
8. Co tion is to be affixed, Corporation may hold property movable and immovable
Feedback & supportOfficial 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 in force for the time being of the Corporation, be capable in law to—
(a)
take and hold any property, movable or immovabie, 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
(b)
sell, mortgage, lease, exchange or otherwise dispose of the same.