Singapore legislation
Clause 4
Clause 4
New sections 18A and 18B
The principal Ordinance is hereby amended by amended by inserting immediately after section 18 thereof, the following new sections:—“Consequences upon dissolution of a trade union18A. Upon the dissolution of a trade union under the provisions of section 18 of this Ordinance —
the property of the trade union shall forthwith vest in the Official Assignee in Bankruptcy; and
the Official Assignee in Bankruptcy shall proceed to wind up the affairs of the trade union and after satisfying and providing for all the debts and liabilities of the trade union and the costs of winding up shall pay the surplus assets, if any, of the trade union —
where the Minister so directs, into the Consolidated Fund; or
in the absence of a direction from the Minister, in accordance with the rules of the trade union.Application18B. Notwithstanding any other provisions of this Ordinance to the contrary, the provisions of section 18A of this Ordinance shall apply as regards the disposal of the funds of a trade union not already disposed of prior to the 11th day of December, 1963, where the registration of such trade union has been refused, withdrawn, or cancelled before the 11th day of December, 1963.”.