Singapore legislation
Regulation 22
Regulation 22
Untraceable beneficiary
Where a person appearing to be beneficially entitled to any sum of money under the trust or to be interested in the trust property cannot be found, or it is not known whether he is living or dead, the Public Trustee may apply to the Court for directions as to the course to be taken with reference to that person, and until an order of the Court is made shall keep any sum payable to that person, and if it is kept for more than 6 months shall invest that sum of money or deposit the sum at interest and shall accumulate the dividends or interest thereof.