Singapore legislation

Regulation 25

of Public Trustee Rules

Regulation 25

Security

Subregulation 1

Upon receiving any such application the Public Trustee may in his discretion by notice to the applicant require that before a day to be specified in the notice such security (by deposit of a sum of money) as he shall consider sufficient shall be given to him by the applicant for the payment of any expenses of the investigation and audit which may be ordered by the Public Trustee to be paid by the applicant personally.

Subregulation 2

Where any such requirement is made, no further proceedings shall be taken upon the application until the security has been given and if the security is not given before the day specified in the notice the application shall be disallowed unless under special circumstances the Public Trustee thinks fit to extend the time for giving the security or to dispense therewith.

Subregulation 3

Any sum so deposited shall be kept by the Public Trustee on deposit in his name and to a separate account at a bank until all proceedings in connection with the investigation and audit have been concluded, and thereupon the deposited sum and the interest (if any) allowed thereon by the bank shall be applied in or towards payment of any expenses of the investigation and audit which may be so ordered to be paid by the applicant personally and the balance (if any) shall be paid to the applicant.