22. Safeguarding of contract
Feedback & supportLast amended by an amending law of 1979.
This section shall apply to any contract or agreement which —
purports to be a contract or agreement for the sale or purchase of rubber;
is in a form prescribed by the rules, by-laws or regulations; and
is entered into by any person with or through the agency of a member.
Notwithstanding anything to the contrary in any written law, no contract or agreement which falls within subsection (1) shall be illegal or invalid on the grounds that the parties to the contract or agreement or any of them did not at the time of entering into the 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.[19
rubber
“rubber” includes marketable rubber prepared from the leaves, bark or latex of any rubber plant and the latex of any such plant whether fluid or coagulated in any stage of the treatment to which it is subjected during the process of conversion into marketable rubber but it does not include any manufactured article wholly or partly made of rubber;