Establishment of the Bureau

(1) There shall be and is hereby established a body to be known as the Belize Business Bureau which shall be a body corporate having perpetual succession and a common seal and, subject to the provisions of this Act, shall have capacity to purchase, take, hold and dispose of land and other property of whatever kind, to enter into contracts, to sue and be sued in its corporate name and to do all things necessary for the fulfilment of its objectives. (2) The Bureau may exercise any of the functions entrusted to it by or in accordance with the provisions of this Act or its 5 Constitution set out in the Schedule to this Act, and may execute any other duties incidental or ancillary to, or consequential upon, the performance of its functions. (3) There shall be a Board of Directors of the Bureau comprising such officers as are provided in Article III of the Constitution of the Bureau set out in the Schedule to this Act and, subject to the said Constitution and this Act, the Board of Directors shall be responsible for administering the affairs of (4) The persons who were members of the Bureau immediately before the commencement of this Act, and such persons as shall thereafter from time to time be duly admitted members, shall comprise the membership of the Bureau.