← belizelaw.ai · International Financial Services, Cap. 272 · PART II — Establishment, Functions, and Duties of the Commission

Body corporate

Cap. 272, s. 4 · Revised Edition 2020

(1) The Commission shall be a body corporate having perpetual succession and a common seal and subject to the provisions of this Act, shall have power to acquire, hold and dispose of movable and immovable property of whatever kind and to enter into contracts and do all things necessary for the attainment of its objectives. (2) The Commission may sue and be sued in its corporate name and shall for all purposes be described by that name. (3) The seal of the Commission shall be authenticated by, and may only be affixed to an instrument or other document in the presence of, the Chairperson or Deputy Chairperson of the Commission and one other member of the Commission specifically authorized to act for that purpose, and the seal thus affixed and authenticated shall be judicially and officially noticed. (4) The instruments and documents referred to in sub- section (3) above shall be signed by the persons present as witnesses to the sealing, and the acts of sealing and authentication shall be recorded in a register to be kept for that purpose.
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