(1) If, in transferring an immovable
property held in the name of a body corporate established in
accordance with law, the board of directors of such a body gives
power by a decision to any member of the board of directors or
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employee of such a body to transfer the property, such a person
may transfer the property on behalf of such a body.
(2) If the procedure referred to in sub-section (1) is
fulfilled while purchasing or otherwise obtaining an immovable
property in the name of a corporate body, the property may be
purchased or obtained in the name of such a body.