10. Corporation may hold property movable or immovable

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 purchase, grant, gift, testamentary disposition or otherwise and subject to the rules of the Corporation made under section 7. All such property shall be held by the Corporation for the purposes of this Act, with full power to sell, mortgage, lease, exchange or otherwise dispose of the same. All property belonging to the Association on the date of commencement of this Act shall be vested in the Corporation.