e.
"Member State" or "Member States" means a Member State or Member States of the
Community.
f.
"Council" means the Council of Ministers established by Article 6 of the Treaty.
Article 2
Juridical personality
The Community shall possess juridical personality. It shall have the capacity:
a.
to contract;
b.
to acquire and dispose of immovable and movable property;
c.
to institute legal proceedings.
Article 3
Property, funds & assets
1.
The Community, its premises, buildings, assets and other property wherever located
and by whomsoever held, shall enjoy immunity for every form of legal process except
in so far as in any particular case it has expressly waived its immunity. It is, however,
under stood that no waiver of immunity shall extend to any measure of execution.
Provided that actions may be brought against the Fund as provided in paragraph 2 of
Article 39 of the Protocol relating to the Fund.
2.
Subject to the provisions of Article 41 of the Protocol relating to the Fund, the
premises and buildings of the Community shall be inviolable. The property and assets
of the Community, wherever located and by whomsoever held, shall be immune from
search, requisition, confiscation, expropriation and from any other form of
interference whether by executive, administrative, judicial or legislative action.
3.
The archives of the Community and in general all documents belonging to it or held
by it shall be inviolable wherever located.
4.
Without being restricted by financial controls, regulations or moratoria of any kind:
(a)
the Community may hold funds, gold or currency of any kind and operate
account in any currency;
(b)
the Community shall be free to transfer its funds, gold or currency from
ont country to the other, or within any country and to convert any
currency held b) it into any other currency.