Singapore legislation

Clause 26

of Business Trusts (Amendment) Bill

Clause 26

Amendment of section 67

Section 67 of the principal Act is amended —

(a)

by inserting, immediately after subsection (3), the following subsections:“(3A) The trustee‑manager of a registered business trust must keep minute books in which it must cause to be entered resolutions passed by written means under section 63A, within one month after the passing or making of each resolution.(3B) The trustee‑manager of a registered business trust must ensure that the minutes of the passing of a resolution mentioned in subsection (3A) are signed by a director of the trustee‑manager within a reasonable time after the resolution is passed.(3C) Minutes entered in accordance with subsection (3A) and purportedly signed in accordance with subsection (3B) are evidence of the resolution to which they relate, unless the contrary is proved.”; and

(b)

by inserting, immediately after the words “subsection (1)” in subsection (4), the words “, (3A) or (3B)”.