Singapore legislation

Section 21A

of Trust Companies Act 2005

Section 21A

Interpretation of this Part

Amended by10/2013

In this Part, unless the context otherwise requires —“business” includes affairs and property;“office holder”, in relation to a licensed trust company, means any person acting as the liquidator, the provisional liquidator, the receiver or the receiver and manager of the licensed trust company, or acting in an equivalent capacity in relation to the licensed trust company;“relevant business” means any business of a licensed trust company —

(a)

which the Authority has assumed control of under section 21C; or

(b)

in relation to which a statutory adviser or a statutory manager has been appointed under section 21C;“statutory adviser” means a statutory adviser appointed under section 21C;“statutory manager” means a statutory manager appointed under section 21C.

Definition

“business” includes affairs and property;

Definition

“office holder”, in relation to a licensed trust company, means any person acting as the liquidator, the provisional liquidator, the receiver or the receiver and manager of the licensed trust company, or acting in an equivalent capacity in relation to the licensed trust company;

Definition

“relevant business” means any business of a licensed trust company —

(a)

which the Authority has assumed control of under section 21C; or

(b)

in relation to which a statutory adviser or a statutory manager has been appointed under section 21C;

Definition

“statutory adviser” means a statutory adviser appointed under section 21C;

Definition

“statutory manager” means a statutory manager appointed under section 21C.

Amended by10/2013
Section 21A — Trust Companies Act 2005 | laws.sg