Singapore legislation
Regulation 4
Regulation 4
Trusts involving management or carrying on of any business
The Public Trustee may if he thinks fit accept as ordinary trustee, under exceptional circumstances, a trust which involves the management or carrying on of any business, but upon the conditions that, except with the consent of the Minister, he shall only carry on the business —
(a)
for a period not exceeding 18 months;
(b)
with a view of sale, disposition or winding-up; and
(c)
if satisfied that the business can be carried on without risk of loss.