Singapore legislation

Clause 67

Recovery of fees, expenses, etc

There shall be recoverable as a civil debt due to the Government from the bank concerned —

(a)

the amount of any fees payable under sections 8 and 13 of this Act;

(b)

any remuneration and expenses payable by the bank to any person appointed under paragraph (b) of subsection (2) of section 44 of this Act; and

(c)

any remuneration and expenses payable by the bank to the Commissioner or to any person employed or authorised by the Commissioner under section 3 of this Act to assist him in the control of and the carrying on of the business of the bank or to any other person who has assumed control of the business of the bank pursuant to a direction of the Commissioner under paragraph (c) of subsection (2) of section 44 of this Act or an order of the Minister under paragraph (ii) of section 45 of this Act or to any person appointed under subsection (2) of section 40 of this Act.

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