Cap. 204 Art. 3Establishment of Bank.

(1) There shall be a Bank to be called the Central Bank of

Malta. The Bank shall form an integral part of the European System of Central Banks as established under the Treaties and shall participate in carrying out the tasks and complying with the objectives conferred upon it by the Treaties and the Statute and shall assume all rights and obligations consequential to such a status.

(2) The Bank shall be a body corporate having a distinct legal personality and be capable, subject to the provisions of this Act, of entering into contracts, of acquiring, holding and disposing of any property for the purpose of its functions, of suing and of being sued, and of doing all such things and entering into all such transactions as are incidental or conducive to the exercise or performance of its functions under this Act.