(1) The body corporate
preserved and continued by section 4(1) of the repealed Act under the name
“Rural Adjustment and Finance Corporation of Western Australia” is
preserved and continued under the name “Rural Business Development
Corporation”.
(2) The corporate
identity and the rights and obligations of the Corporation are not affected by
the operation of subsection (1) or by the repeal of the repealed Act.
(3) The Corporation
has perpetual succession and a common seal.
(4) Proceedings may be
taken by or against the Corporation in its corporate name.
(5) The Corporation
may use, and operate under, one or more trading names approved by the
Minister.
(6) A trading name can
be —
(a) an
abbreviation or adaptation of the Corporation’s corporate name; or
(b) a
name other than the Corporation’s corporate name.