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Development of Inventions Act 1967
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Development of Inventions Act 1967, Section 1 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Changes and effects yet to be applied to Section 1:
- s. 1 repealed by 1991 c. 66 Sch. 2 Pt. 2
1 Constitution.U.K.
(1)There shall continue to be a body corporate called the National Research Development Corporation (in this Act referred to as “the Corporation”).
(2)The Corporation shall consist of a chairman and a managing director appointed by the [F1Secretary of State] (in this Act referred to as “the Minister”), and such number of other members so appointed, not being less than four or more than twelve, as the Minister may from time to time determine.
(3)The members of the Corporation shall be appointed from among persons appearing to the Minister qualified as having had experience, and shown capacity, in matters relating to science, technology, industry, finance, administration or the acquisition and disposal of rights in inventions.
(4)The provisions of the Schedule to this Act shall have effect with respect to the remuneration of members of the Corporation out of the funds of the Corporation, as to the appointment and tenure and vacation of office of the said members, and otherwise in relation to the Corporation.
Textual Amendments
F1Words substituted by virtue of S.I. 1970/1537, arts. 2(2), 7(4) and 1974/692, arts. 2(3), 5(3)
Modifications etc. (not altering text)
C1S. 1(2) amended (temp.) (6.1.1992) by British Technology Group Act 1991 (c. 66, SIF 64), s. 17(3), Sch. 3 para.1; S.I. 1991/2721, art.2
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