In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
29. Moneys, until they can be applied, to be invested, and dividends paid to parties entitled
Feedback & support(1)
Until the moneys can be applied as provided in section 27, the same shall be invested as the court or a judge directs, in some or one of the investments in which cash under the control of the court is for the time being authorised to be invested.
court
Defined · s 2
“court” means the General Division of the High Court or a Judge sitting in open court in the General Division of the High Court;
(2)
The interest and dividends of such investments shall be paid to the person who would have been entitled to the rents and profits of the immovable property if the money had been invested in the purchase of immovable property.