Intellectual Property Rights from Publicly Financed Research and
R 385
Land and Agricultural Development Bank Act, 2002 (Act No. 15 of 2002)Part III : Funds and Business of Bank25. Distribution of surplus funds |
| (1) | The Board may resolve to distribute to the State such surplus funds held by the Bank as are not required for the operations of the Bank. |
| (2) | The resolution of the Board referred to in subsection (1) may not be implemented unless expressly approved in writing by the Minister. |
| (3) | Surplus funds distributed to the State in terms of this section must be paid into the National Revenue Fund. |
