Singapore legislation
Section 70I
Section 70I
Interpretation of this Part
In this Part, unless the context otherwise requires —“claimant” means any person who claims to be entitled to, or to be authorised to receive, any transferred unclaimed client money;“Fund” means the Unclaimed Money Fund maintained and administered by the Society under section 70J;“transfer date” means —
in relation to any transferred unclaimed client money, the date on which the Society approves an application for the payment of that money into the Fund under section 70K; and
in relation to any transferred unclaimed intervention money, the date on which that money is paid into the Fund under paragraph 11(3) of the First Schedule;“transferred unclaimed client money” means any money paid into the Fund under section 70K;“transferred unclaimed intervention money” means any money paid into the Fund under paragraph 11(3) of the First Schedule;“trust account” means a trust account within the meaning of any rules made under section 72(1).
Definition
“claimant” means any person who claims to be entitled to, or to be authorised to receive, any transferred unclaimed client money;
Definition
“Fund” means the Unclaimed Money Fund maintained and administered by the Society under section 70J;
Definition
“transfer date” means —
in relation to any transferred unclaimed client money, the date on which the Society approves an application for the payment of that money into the Fund under section 70K; and
in relation to any transferred unclaimed intervention money, the date on which that money is paid into the Fund under paragraph 11(3) of the First Schedule;
Definition
“transferred unclaimed client money” means any money paid into the Fund under section 70K;
Definition
“transferred unclaimed intervention money” means any money paid into the Fund under paragraph 11(3) of the First Schedule;
Definition
“trust account” means a trust account within the meaning of any rules made under section 72(1).