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(1) There is established by this Act a body corporate to be known as the National Board for Mortuaries and Funeral Facilities referred to in this Act as "the Board".

(2) The Board shall have perpetual succession, a common seal and may sue and be sued in its own name.

(3) The Board may for the discharge of its functions acquire and hold any movable or immovable property and may enter into any contract or other transaction.