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9. 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 hold any property movable or immovable, which may become vested in it by virtue of any purchase, gift, grant or testamentary disposition or otherwise and all such property shall be held by the Corporaiton for the purposes of this Act and subject to the rules of the Corporation made under section 6, with full power to sell, mortgage or lease, exchange or otherwise dispose of the same.