Section 32
Exchange of works of visual arts
of National Visual Arts Development Board Act 2011
ActIn forceProvision 32 of 45
Section 32
(1)
Where the Board is satisfied that an exchange of a work of visual arts in the national collection for another work of visual arts would be advantageous to the collection, the Gallery may make that exchange by way of an agreement.
26 Laws of Malaysia ACT 724
(2)
An agreement referred to in subsection (1) may include an undertaking by one party to pay an amount to the other party in recognition of the difference in value between the works of visual arts to be exchanged.