Malaysia legislation
Section 3
Section 3
(2)
The Board shall have perpetual succession and a common seal, and may sue and be sued in its name.
(3)
Subject to and for the purpose of this Act, the Board may, upon such terms as the Board deems fit—
(a)
enter into contracts and joint venture agreement whether commercial or trading in nature;
(b)
acquire, purchase, take, hold and enjoy movable or immovable property of every description; and
(c)
convey, assign, surrender, yield up, charge, mortgage, demise, lease, reassign, transfer or otherwise dispose of, or deal with, any movable or immovable property or any interest therein vested in the Board.
(4)
The objectives of the Board are—
(a)
to promote and develop the kenaf industry;
(b)
to establish national objectives, policies and priorities for the orderly development and administration of the kenaf industry;
(c)
to regulate, control and co-ordinate all activities relating to the tobacco industry; and
(d)
to promote and develop other economic activities for persons involved in kenaf industry and tobacco industry.
(5)
The provisions of the Schedule shall apply to the Board.
Functions of the Board