Clause 1
Short title
This Act may be cited as the Bretton Woods Agreements (Amendment) Act, 1981.
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Bretton Woods Agreements (Amendment) Bill is Singapore Bill, cited as Bill 12 1981, currently marked not in force and first recorded in 1981.
Short title
This Act may be cited as the Bretton Woods Agreements (Amendment) Act, 1981.
New section 11
The Bretton Woods Agreements Act is amended by inserting, immediately after section 10, the following section: —“Companies Act not to apply to Bank and to the issue by the Bank of shares, debentures, etc.
11. The International Bank for Reconstruction and Development shall be deemed not to be a corporation within the meaning of the Companies Act (Cap. 185); and the provisions of that Act shall not, accordingly, apply to the Bank or to the issue by the Bank of any shares, debentures, bonds, notes or other securities.”.
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