PART 1Establishment of the Bank
CHAPTER 1Scottish Ministers’ duty to establish the Bank
1Duty to establish the Bank
The Scottish Ministers must establish a public company limited by shares that—
(a)
is named the Scottish National Investment Bank p.l.c.,
(b)
has its registered office in Scotland,
(c)
has the Scottish Ministers as its only member, and
(d)
has articles of association framed in accordance with Chapter 2.