View All - 1972 Acts Section No : Acts & Ordinances STATE AGRICULTURAL CORPORATIONSMarginal Notes1. This Act may be cited as the State Agricultural Corporations Act, No. 11 of 1972.2. Establishment of Corporations. 3. Objects of the Corporation. 4. Principal place of business of the Corporation. 5. General powers of the Corporation. 6. Powers of the Minister. 7. Seal of the Corporation. 8. General control of the Corporation and exercise of its powers. 9. Members of the Corporation. 10. Board of Directors. 11. Disqualification for appointment as Directors. 12. Remuneration of Directors. 13. Director to disclose interest in contract proposed to be made by the Corporation. 14. Quorum for any meeting of the Board of Directors. 15. Board of Directors may act despite vacancy. 16. Chairman of Board of Directors. 17. Presidency at meetings. 18. General Manager. 19. Appointment of public officers to the staff of the Corporation. 20. Officers and servants of the Corporation deemed to be public servants. Cap. 19. 21. Corporation deemed to be a scheduled institution within the meaning of the Bribery Act. Cap. 26. 22. Capital of the Corporation. 23. Application of the provisions of the Finance Act, No 38 of 1971. 24. Financial year of the Corporation. 25. Acquisition of immovable property under the Land Acquisition Act for the Corporation. 26. Crown property both movable and immovable to be made available to the Corporation. 27. Dissolution of the Corporation. 28. Liquidator's powers. 29. Closure of liquidation. 30. Regulations. 31. Powers of companies, &c, to enter into contracts with the Corporation. 32. Protection for action taken under this Act or on the direction of the Board of Directors. 33. Interpretation.