Singapore legislation
Clause 18
Clause 18
Lapse of licence
(1)
Unless expired or earlier revoked under section 20, a licence lapses —
(a)
if the licensee is an individual — on the date the licensee dies; or
(b)
if the licensee is a partnership or body corporate or an unincorporated association — on the date the partnership, body corporate or association ceases to exist.
(2)
No part of any licence fee or other fee may be refunded to the licensee upon the lapse of a licence under this section.