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laws.sgby aturio
In force2020 Revised Edition
Contents

Part 3 · Trustee‑Manager

16. Acquisition of interest in registered business trust by trustee‑manager

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(1)

The trustee‑manager of a registered business trust must not acquire or hold any unit or derivative of any unit in the registered business trust unless it acquires or holds the unit or derivative —

(a)

for not less than the consideration that would be payable if the unit or derivative of the unit were acquired by another person; and

(b)

subject to terms and conditions that would not disadvantage other unitholders of the registered business trust.

(2)

A person must not aid, abet or assist the contravention of subsection (1) by the trustee‑manager of a registered business trust.

(3)

Any person who contravenes this section shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000.

Report

Read on from s 17

Part 4

Trust Deed

Read on from Part 4

Part 5

Unitholders

Read on from Part 5

Part 6

Liability and Take-Overs

Read on from Part 6

Part 7

Winding Up of Registered Business Trust

Read on from Part 7

Part 8

Deregistration

Read on from Part 8

Part 9

Management and Administration

Read on from Part 9

Part 10

Accounts, Audit and Disclosure

Read on from Part 10

Part 11

Appeals

Read on from Part 11

Part 12

Miscellaneous

Read on from Part 12

Schedules