Cap. 574 Art. 3Legal status.

(1)There shall be a Bank to be called the Malta Development Bank. The Bank may use the designation "MDB" in commercial and legal contracts.

(2) The head office of the Bank shall be in Malta. 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.