Singapore legislation
Clause 16
Clause 16
Minister may order endowment to be administered by the Board
Whenever it appears to the Minister on the report of the Board that —
(a)
any endowment has been mismanaged;
(b)
there are no trustees appointed for the management of any endowment; or
(c)
it would be otherwise to the advantage of any endowment that the same should be administered by the Board,the Minister may order that such endowment shall be administered by the Board.