Malaysian Rubber Board (Incorporation) Act 1996 · Updated to 1 Dec 2011 · Part VI · Other Powers and Functions of the Board
42. Investment
Official textFrom Laws of Malaysia Online, unchanged
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.
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.
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.
research finding
“research finding” means any results from research and development activities and includes inventions and improvements in any process, apparatus, machine or technique;
Malaysian Rubber Board (Incorporation) 35
rubber
“rubber” means all natural rubber in liquid, solid or blended form derived from any latex-bearing plant and synthetic rubber in liquid, solid or blended form derived from petrochemical products and includes all elastomers derived from natural or synthetic rubber or both;
Power to employ agents, etc.
Terms defined in s 2
research finding
Defined · s 2“research finding” means any results from research and development activities and includes inventions and improvements in any process, apparatus, machine or technique;
rubber
Defined · s 2“rubber” means all natural rubber in liquid, solid or blended form derived from any latex-bearing plant and synthetic rubber in liquid, solid or blended form derived from petrochemical products and includes all elastomers derived from natural or synthetic rubber or both;
Part VII
Enforcement
Part VIII
General
Part IX