Singapore legislation

Section 16

of Singapore Tourism Board Act 1963

Section 16

Issue of shares, etc.

Amended by5/2002

As a consequence of —

(a)

the vesting of any property, rights or liabilities of the Government in the Board under this Act; or

(b)

any capital injection or other investment by the Government in the Board in accordance with any written law,the Board must issue such shares or other securities to the Minister for Finance as that Minister may direct.[14A

Read in full context — Singapore Tourism Board Act 1963 →