Singapore legislation
Section 16
Section 16
Government guarantee in regard to moneys included in Common Fund
Amended by44/201444/2014
(1)
The Consolidated Fund shall be liable to make good any lawful claims on the Common Fund which cannot be met from the Common Fund, whether the claims relate to capital moneys or to income.
Amended by44/2014
(2)
The capital moneys claimable by any estate include the moneys from the estate included in the Common Fund and, where investments have been taken over under section 10(7), also include the value of those investments as ascertained in accordance with section 10(8).
Amended by44/2014