Establishment of the Grain Growers Association

There is hereby created a body corporate by the name of Belize Grain Growers Association with perpetual succession. It shall have the power to make contracts, to sue and be sued in its corporate name, to receive, acquire, lease, take hold of and enjoy, either absolutely or subject to any trust, movable and immovable property for the purpose of its functions under this Act and to sell, convey, assign, surrender or yield up, transfer or otherwise dispose of same when not so required.