Malaysian Cocoa Board (Incorporation) Act 1988 · s 3

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3.
Establishment of Board and its objectives
(1)  There is established a body corporate by the name of
“Malaysian Cocoa Board”.
(2)
The Board shall have perpetual succession.
(3)
The Board may sue and be sued in its corporate name.
(4)
Subject to and for the purposes of this Act, and on such terms as it deems fit, the Board may—
(a) enter into contracts; and
(b) in respect of movable and immovable property and interest in movable and immovable property, of every description—
(i) acquire, purchase and take such property and interest; and
(ii) hold, enjoy, convey, assign, surrender, yield up, charge, mortgage, demise, reassign, transfer, or otherwise dispose of or deal with, such property and interest vested in the Board.
(5)
The objectives of the Board are—
(a) to promote and develop the cocoa industry of Malaysia;
and
(b) to develop national objectives, policies and priorities for the orderly development and administration of the cocoa industry of Malaysia.
(6)
The First Schedule shall apply to the Board.
(i)
(ii)

Malaysian Cocoa Board (Incorporation)                    11

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s 3Establishment of Board and its objectives

(1)

There is established a body corporate by the name of

“Malaysian Cocoa Board”.

(2)

The Board shall have perpetual succession.

(3)

The Board may sue and be sued in its corporate name.

(4)

Subject to and for the purposes of this Act, and on such terms as it deems fit, the Board may—

(a)

enter into contracts; and

(b)

in respect of movable and immovable property and interest in movable and immovable property, of every description—

(i)

acquire, purchase and take such property and interest; and

(ii)

hold, enjoy, convey, assign, surrender, yield up, charge, mortgage, demise, reassign, transfer, or otherwise dispose of or deal with, such property and interest vested in the Board.

(5)

The objectives of the Board are—

(a)

to promote and develop the cocoa industry of Malaysia;

and

(b)

to develop national objectives, policies and priorities for the orderly development and administration of the cocoa industry of Malaysia.

(6)

The First Schedule shall apply to the Board.

(i)

(ii)

Malaysian Cocoa Board (Incorporation) 11