(1) The body corporate formerly called the Central Bank and Financial Services Authority of Ireland is continued in existence under the name ‘Central Bank of Ireland'.
(a) has perpetual succession, and
(b) may take legal proceedings and be proceeded against in its corporate name.
(3) The Bank is required to have a seal. The seal shall be judicially noticed.
(4) Except as expressly provided by this Act, the affairs and activities of the Bank are to be managed and controlled by the Central Bank Commission.