3. Establishment of Public Accountants Board

There is hereby established a body to be known as the Public Accountants Board which shall be a body corporate with perpetual succession and a common seal and shall by that name be capable of —

suing and being sued;

acquiring, owning, holding and developing or disposing of property, both movable and immovable; and

doing and suffering such other acts or things as bodies corporate may lawfully do and suffer.