← belizelaw.ai · Central Bank Of Belize, Cap. 262 · PART II — Establishment and Objectives of the Bank

Bank to be body corporate

Cap. 262, s. 5 · Revised Edition 2020

(1) The Bank shall be a body corporate having perpetual succession and a common seal and, subject to the provisions of 10 this Act, shall have power to acquire, hold and dispose of movable and immovable property of whatever kind and to enter into contracts and to do all things necessary for the fulfilment of its objectives. (2) The Bank may sue and be sued in its own name and shall for all purposes be described by that name. (3) The seal of the Bank shall be authenticated by the signatures of the Governor or a Deputy Governor and one other director authorised by the Board of Directors to act for that purpose, and the seal thus authenticated shall be judicially and officially noticed. (4) All documents made by the Bank, other than those required by law to be made under seal, shall be signified under the hand of the Governor or of a Director or official of the Bank authorised by the Board of Directors to act on behalf of the Bank. (5) The Bank shall have its principal place of business in Belize City or at such place in Belize as the Board may decide. (6) The Bank may establish branches in any location within Belize or elsewhere as it considers necessary. (7) The Bank may appoint agents or correspondents within and outside Belize. Bank.
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Bank to be body corporate — Cap. 262 s. 5 · Belize Law