Singapore legislation

Clause 2

of Co-operative Societies (Amendment) Bill

Clause 2

Amendment of section 2

Section 2 of the Co-operative Societies Act (referred to in this Act as the principal Act) is amended —

(a)

by deleting the words “and the Central Co-operative Fund” in the definition of “net surplus” and substituting the words “, the Singapore Labour Foundation and the Central Co-operative Fund in accordance with sections 70 and 71”; and

(b)

by inserting, immediately after the definition of “share”, the following definition:“ “Singapore Labour Foundation” means the Singapore Labour Foundation established under the Singapore Labour Foundation Act (Cap. 303);”.

Read in full context — Co-operative Societies (Amendment) Bill →