Singapore legislation
Clause 13
Clause 13
Donation and transfer of member’s moneys in Edusave Pupils Fund
(1)
The Board may, subject to such terms and conditions as it may impose, permit the parent of a member below the age of 21 years, or a member who has attained the age of 21 years, to donate to the school of the member such portion of the sum standing to his credit in the Edusave account as the parent of the member, or the member, as the case may be, may determine.
(2)
Where any member has attained the age of 21 years, the Board shall, subject to subsection (3), transfer the sum standing to his credit in the Edusave account to his ordinary account, if any, maintained under section 13 of the Central Provident Fund Act [Cap. 36] and thereupon he shall cease to be a member.
(3)
Where a member has attained the age of 21 years and has an ordinary account referred to in subsection (2), the Board may, upon an application by the member, permit him to remain a member until such time as the Board may determine.