CTHIn ForceLegislation
Asian Development Bank (Privileges and Immunities) Regulations 1967
4Bank to have juridical personality and legal capacities
Start here
Get a plain-English read of 4
Turn the raw legal text into a practical explanation grounded in Asian Development Bank (Privileges and Immunities) Regulations 1967.
4 Bank to have juridical personality and legal capacities
(1) The Bank: (a) is a body corporate with perpetual succession; (b) (has the capacity to contract; and (c) is capable, in its corporate name, of acquiring, holding and disposing of real and personal property and of instituting legal proceedings. (2) All courts, judges and persons acting judicially in Australia shall take judicial notice of the seal of the Bank affixed to a document and shall presume that it was duly affixed.