Section 18

purports to be a contract or agreement for the sale or purchase of rubber;

is in a form prescribed by the rules or by-laws; and

is entered into by any person with or through the agency of a Member.

Section 31 of the Contracts Act 1950 [Act 136], and section 26 of the Civil Law Act 1956 [Act 67], shall not apply to any contract or agreement which falls within subsection (1).

Notwithstanding anything to the contrary contained in any other written law, no contract or agreement which falls within subsection (1) shall be illegal or invalid on the grounds that the

Malaysian Rubber Exchange (Incorporation)

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parties to such contract or agreement or any of them did not at the time of entering into such contract or agreement hold or possess any licence or permit to sell, purchase or otherwise to deal in rubber, the holding or possessing of which is required under any written law.

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