Singapore legislation

Clause 96

Amendment of section 11

In the Trust Companies Act 2005, in section 11 —

(a)

in the section heading, delete “or surrender of licence”;

(b)

in subsection (1), replace “in part unadministered —” with “in part unadministered, cease to carry on its trust business.”; and

(c)

in subsection (1), delete paragraphs (a) and (b).