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laws.sgby aturio
In force2020 Revised Edition
Contents

Part 3 · Trustee‑Manager

18. Changes to take effect upon date of appointment

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(1)

Despite any provision in this Division, a person named as the trustee‑manager of a registered business trust in the register which is maintained by the Authority in accordance with section 5 must remain the trustee‑manager or temporary trustee‑manager (as the case may be) until another person is appointed —

(a)

by the unitholders of the registered business trust to be the trustee‑manager of the registered business trust; or

(b)

by the court under section 21(1) to be the temporary trustee‑manager of the registered business trust,and such appointment is effective from the date stated in the resolution of the unitholders or court order as the effective date of the appointment of the trustee‑manager or temporary trustee‑manager, as the case may be.

(2)

Any purported change of the trustee‑manager of the registered business trust is ineffective unless it is made in accordance with this Division.

Report

Read on from s 19

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