Malaysian Rubber Board (Incorporation) Act 1996 · s 42

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s 42Investment

(1)

The moneys of the Board shall, in so far as they are not required to be expended by the Board under this Act, be invested in such manner as the Minister, after consultation with the

Minister of Finance, may approve.

(2)

Without prejudice to the generality of subsection (1), the

Board may, with the approval of the Minister, acquire and develop land and property for or in connection with the exercise of its powers and for this purpose may enter into such negotiations, arrangements or agreements as may be necessary for generating income required for the operation of the Board.

(3)

The Board may make available any research finding vested in the Board to any person or body subject to such conditions and the payment of such fees or royalties, if any, as the Board may determine with the approval of the Minister, for the purpose of its commercialization.

Malaysian Rubber Board (Incorporation) 35

Power to employ agents, etc.