Clause 73

Any trustee, executor or administrator of the estate of any deceased person who was registered in a register of the unitholders of a registered business trust, referred to in section 69(1) and kept in Singapore, as the holder of a unit in the registered business trust may become registered as the holder of that unit as trustee, executor or administrator of that estate and shall in respect of that unit be subject to the same liabilities and no more as he would have been subject to if the unit had remained registered in the name of the deceased person.

Any trustee, executor or administrator of the estate of any deceased person who was beneficially entitled to a unit in a registered business trust (being a unit registered in a register of the unitholders of the registered business trust referred to in section 69(1) and kept in Singapore) may, with the consent of the trustee-manager of the registered business trust on behalf of the registered business trust and of the registered holder of that unit, become registered as the holder of the unit as trustee, executor or administrator of that estate and shall in respect of the unit be subject to the same liabilities and no more as he would have been subject to if the unit had been registered in the name of the deceased person.

Units in a registered business trust registered in a register of the unitholders of the registered business trust, referred to in section 69(1) and kept in Singapore, and held by a trustee in respect of a particular trust shall, at the request of the trustee, be marked in the register in such a way as to identify them as being held in respect of the trust.

Subject to this section, no notice of any trust expressed, implied or constructive shall be entered in a register of the unitholders of a registered business trust referred to in section 69(1) or be receivable by the Authority and no liabilities shall be affected by anything done in pursuance of subsection (1), (2) or (3) or pursuant to the law of any other place which corresponds to this section and the trustee-manager of the registered business trust concerned shall not be affected with notice of any trust by anything so done.