Singapore legislation
Clause 17
Clause 17
Liquidation of approved hospital
(1)
Notwithstanding any other written law to the contrary, all moneys in the Hospital Medifund Account of any approved hospital —
shall be deemed not to form part of the property of the approved hospital if it goes into voluntary or compulsory liquidation; and
shall not be available for payment of the debts of the approved hospital or be liable to be paid or taken in execution under an order or process of any court.
(2)
The moneys in the Hospital Medifund Account of any approved hospital shall, after deduction of any payment to the approved hospital which has been authorised under section 15, be vested in and paid into the Medifund if the approved hospital goes into voluntary or compulsory liquidation.