3. Juridical personality and common seal of the Board
Feedback & support(1)
The Board shall have juridical personality and such legal capacities as are necessary for the exercise of its powers and the performance of its functions in accordance with the Agreement.
Board
Defined · s 2
“Board” means the Islamic Financial Services Board established by the Agreement;
(2)
Without prejudice to the generality of subsection (1), the
Board shall have the capacity to—
(a)
contract;
(b)
acquire, hold and dispose of movable and immovable property; and
(c)
institute legal proceedings.
(3)
The Board may have a common seal and may use it for the purposes set out in subsection (2) or for such other matters as may be agreed by the Council.