2.—(1) There shall, by virtue of this section, stand established on the date of the passing of this Act a body, to be styled and known as Bord Cistí Sinn Féin, to fulfil the functions assigned to it by this Act.
(2) The Board shall be a body corporate with perpetual succession and an official seal (which shall be judicially noticed) and with power to sue and be sued in its corporate name and to hold land.
