Singapore legislation
Clause 12
Clause 12
Lapse of licence
(1)
Unless expired or earlier revoked under section 22(1), a licence lapses —
(a)
when the licensee ceases to exist; or
(b)
if the licensee is a sole proprietorship of which the sole proprietor is an individual — on the death of the sole proprietor.
(2)
No part of any licence fee or renewal fee may be refunded upon the lapse of a licence under this section.