Section 3Part 2 — Establishment, Structure and Functions of Maritime Authority
Establishment and incorporation of Authority
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3. (1) There is established in accordance with this Law a body corporate called the Maritime Authority of the Cayman Islands, having perpetual succession and a common seal and being capable in its corporate name, of entering into contracts, of suing and being sued and of acquiring, holding, mortgaging, leasing and disposing of all kinds of property, movable or immovable.
The Authority shall establish and maintain its head office and principal place of business in the Islands and shall cause details thereof to be published in the Gazette, and service of all documents on the Authority shall be deemed to be effective if delivered at the head office.
Where expedient, the Authority may establish and maintain branch offices outside the Islands. Maritime Authority Law Section 4 c Revised as at 31st day of July, 2013 Page 7
The Authority shall have exclusive right to use the names “Maritime Authority of the Cayman Islands”, “Cayman Islands Shipping Registry” and “Cayman Islands Yacht Registry”.
It shall be within the capacity of the Authority as a statutory corporation to carry on any activity and enter into such transactions as appear to it to be requisite, convenient or conducive to, or for the discharge of, any of its functions under this Law.