Singapore legislation
Clause 9
Clause 9
Certain local societies to amend their constitution and rules
(1)
Notwithstanding any written law or the constitution and rules of any society, a local society to which this section applies shall, upon acquiring any estate or interest in any residential property in Singapore on or after the date of the coming into operation of this Act and prior to the vesting of the estate or interest in that residential property in the trustees of that local society —
amend its constitution and rules to provide that all its members shall be citizens and all its trustees shall be citizens or a trust company registered under the Trust Companies Act (Cap. 207); and
file with the Registrar of Societies a copy of any amendment made pursuant to the provisions of paragraph (a) of this subsection.
(2)
Upon any amendment to the constitution and rules of such society being made as required by subsection (1) of this section, the local society shall file with the Controller a copy of its amended constitution and rules together with a list of its trustees and members, with particulars of their citizenship status and such other particulars as the Controller may require, accompanied by a Statutory Declaration made by a trustee of the society on its behalf that all its members are citizens and all its trustees are citizens or a trust company registered under the Trust Companies Act; and after receipt thereof the Controller may, if he is satisfied that his requirements have been complied with, confirm in writing that such local society may acquire any residential property subject to such conditions as he may think fit.
(3)
The Registrar, before registering an instrument of transfer of an estate or interest in any residential property in favour of the local society, may require to be satisfied that —
such local society’s constitution and rules have been amended as provided in subsection (1) of this section; and
all its members are citizens and all its trustees are citizens or a trust company registered under the Trust Companies Act.
(4)
The trustees of every local society shall file with the Controller on or before the 1st day of April of each year a Statutory Declaration made by a trustee of the society on its behalf furnishing particulars of the citizenship status of each of its members and trustees.
(5)
The trustees of any local society who contravene any of the provisions of —
subsection (1) or (2) of this section shall be guilty of an offence under this Act and shall be liable on conviction to a fine not exceeding five thousand dollars;
subsection (4) of this section shall be guilty of an offence under this Act and shall be liable on conviction to a fine not exceeding two thousand dollars.