Singapore legislation
Section 29
Section 29
Moneys, until they can be applied, to be invested, and dividends paid to parties entitled
(1)
Until the moneys can be applied as provided in section 27, the same shall be invested as the court or a judge directs, in some or one of the investments in which cash under the control of the court is for the time being authorised to be invested.
(2)
The interest and dividends of such investments shall be paid to the person who would have been entitled to the rents and profits of the immovable property if the money had been invested in the purchase of immovable property.