23-JAN-1992 09:54
POLITICAL ADVISOR OFFICE
+852 521 8702
P.02
Extract from the
"Agreement Establishing the Asian Development Bank"
Annex III
Chapter VIII
STATUS, IMMUNITIES, EXEMPTIONS AND PRIVILEGES
Article 48
PURPOSE OF CHAPTER
To enable the Bank effectively to fulfil its purpose and carry out the functions entrusted to it, the status, immunities, exemptions and privileges set forth in this Chapter shall be accorded to the Bank in the territory of esch member.
Article 49
LEGAL STATUS
The Bank shall possess full juridical personality and, in particular, full capacity:
(i) to contract;
(ii) to acquire, and dispose of, immovable and movable property; and
(iii)
to institute legal proceedings.
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