Business Trusts Act 2004 · 2020 Revised Edition · Part 9 · Management and Administration
63F. Duty of trustee-manager of unlisted registered business trust to notify unitholders that resolution passed by written means
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Where a resolution of the unitholders of an unlisted registered business trust is passed by written means, the trustee-manager of the unlisted registered business trust must —
unlisted registered business trust
“unlisted registered business trust”, for the purposes of sections 63A to 63G, means a registered business trust the units of which are not listed for quotation or quoted on an approved exchange in Singapore or any securities exchange outside Singapore;
notify every unitholder that it has been passed; and
do so within 15 days after the earliest date on which a director or secretary of the trustee-manager is aware that it has been passed.
Non-compliance with subsection (1) does not render the resolution invalid.