Singapore legislation
Clause 30
Clause 30
Attachment of deposits
No deposit in the Bank, and no interest on any such deposit, shall be attached, sequestered or levied upon for or in respect of any debt or claim whatsoever:Provided that —
(a)
upon notice of a claim under a judgment of any court, it shall be lawful for the General Manager in his discretion to retain in the account a sum sufficient to answer such claim and to pay into the court on its order the amount of such claim or the total amount of the deposits and interest in the account if the claim be for a greater sum; and
(b)
a court shall only make an order under this section if it is satisfied that the judgment debtor has an account for his own sole benefit with the Bank.