Singapore legislation

Clause 33

of Post Office Savings Bank of Singapore Bill

Clause 33

Settlement of disputes

(1)

If a dispute arises between the Bank and —

(a)

any customer of the Bank;

(b)

a person who claims to be the legal personal representative or next of kin or creditor of a customer of the Bank, or the assignee of a customer who is bankrupt or insolvent; or

(c)

a person who claims to be entitled to money deposited in the Bank,the matter shall be referred to an arbitrator to be appointed by the Minister, and whatever award, order or determination made by such arbitrator shall be binding and conclusive on all parties and shall be final to all intents and purposes without any appeal.

(2)

Upon a reference under this section, an arbitrator may inspect any book belonging to the Bank, relating to the matter in dispute, and may administer an oath or affirmation to any witness appearing before him.

Read in full context — Post Office Savings Bank of Singapore Bill →