Singapore legislation

Section 4

of Trustees Act 1967

Section 4

General power of investment

Amended by2/2012

(1)

Subject to the provisions of this Act —

(a)

a trustee may make any kind of investment that the trustee could have made if the trustee were absolutely entitled to the assets of the trust; and

(b)

without limiting paragraph (a), a trustee may —

(i)

invest any funds in the trustee’s hands, whether at the time in a state of investment or not, in any manner specified in Part I, II or III of the First Schedule in force immediately before 15 December 2004; and

(ii)

from time to time vary any such investment.

Amended by2/2012

(2)

For the purpose of subsection (1), “investment” includes investment in assets that do not yield any income.

(3)

This section applies in relation to trusts whether created before, on or after 15 December 2004.

Read in full context — Trustees Act 1967 →