Singapore legislation
Clause 9
of Payment and Settlement Systems (Finality and Netting) Bill
Clause 9
Disclaimer of property, restriction on dispositions of property, etc.
Without prejudice to the generality of section 8 —
(a)
section 110 of the Bankruptcy Act (Cap. 20) and section 332 of the Companies Act (Cap. 50) shall not apply to a transfer order; and (b)section 77 of the Bankruptcy Act and section 259 of the Companies Act shall not apply to a transfer order or any disposition of property in pursuance of such an order.