Hong Kong Ordinances

DEPOSIT PROTECTION SCHEME ORDINANCE - SECT 3

Establishment of Hong Kong Deposit Protection Board

PART 2

HONG KONG DEPOSIT PROTECTION BOARD

(1) There is established by this section a body corporate with the corporate
name of “Hong Kong Deposit Protection Board” in English and
“香港存款 保障委員會” in Chinese.

(2) The Board—

   (a)  has perpetual succession under its corporate name;

   (b)  shall provide itself with a common seal; and

   (c)  is capable of suing and being sued in its corporate name.

(3) The Board is not a servant or agent of the Government nor does it enjoy
any status, immunity or privilege of the Government.