Singapore legislation
Section 67
Section 67
Duty and liability of council members and officers
(1)
A member of a council shall at all times act honestly and use reasonable diligence in the discharge of the duties of his office.
(2)
A member of a council, or an officer or agent or a managing agent of a management corporation, shall not use his position as a member of the council or as an officer, agent or managing agent of the management corporation to gain, directly or indirectly, an advantage for himself or for any other person or to cause detriment to the management corporation.
(3)
Any person who commits a breach of any of the provisions of this section shall —
be liable to the management corporation for any profit made by him or for any damage suffered by the management corporation as a result of the breach of any of those provisions; and
be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000 or to imprisonment for a term not exceeding 12 months.
(4)
This section is in addition to and not in derogation of any other written law or rule of law relating to the duty or liability of members of a council.
(5)
In this section —
Definition
“agent” includes a banker, solicitor or auditor of the management corporation and any person who at any time has been a banker, solicitor or auditor of the management corporation;
Definition
“officer” includes a person who at any time has been an officer of a management corporation.