Singapore legislation

Section 57

of Business Trusts Act 2004

Section 57

Quorum, chairperson, voting, etc., at meetings

(1)

So far as the trust deed of a registered business trust does not make any other provision in that behalf and subject to section 58 —

(a)

2 unitholders of the registered business trust personally present form a quorum;

(b)

any unitholder of the registered business trust elected by the unitholders present at a meeting may be chairperson of the meeting;

(c)

on a show of hands, each unitholder of the registered business trust who is personally present and entitled to vote has one vote; and

(d)

on a poll, each unitholder of the registered business trust has one vote in respect of each unit in the registered business trust held by the unitholder.

(2)

On a poll taken at a meeting, a person entitled to more than one vote need not, if the person votes, use all the person’s votes or cast all the votes the person uses in the same way.

Read in full context — Business Trusts Act 2004 →