94.— (1) On the establishment day, a body to be known as Údarás Uchtála na hÉireann or, in the English language, the Adoption Authority of Ireland is established to perform the functions assigned to it by this Act.

(2) The Authority is a body corporate with perpetual succession and may—

(a) sue and be sued in the Authority’s own name,

(b) with the consent of the Minister and the Minister for Finance, acquire, hold and dispose of land or an interest in land, and

(c) acquire, hold and dispose of any other property.