In forceAmended2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Probate and Administration Act 1934 · 2020 Revised Edition · Part 11 · General
65. When interest is payable into Consolidated Fund
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Last amended by an amending law of 2004.
(1)
Where any trust money in the hands of the Public Trustee is normally insufficient to earn bank interest if kept in a bank current account the money may be kept in a general banking account or deposited in any bank.
Public Trustee
Defined · s 2
“Public Trustee” means the Public Trustee appointed under the Public Trustee Act 1915 and includes a Deputy Public Trustee and an Assistant Public Trustee appointed under that Act;
(2)
Any interest allowed by the bank shall be paid into the Consolidated Fund.