Singapore legislation
Section 24
Section 24
Common seal
(1)
The Foundation must have and may use the common seal which may be broken, changed, altered or made anew as the Board may think fit.
(2)
The Board must provide for the safe custody of the seal which must only be used by the authority of the Board and every instrument to which the seal is affixed must be signed by the Chairperson or a director and must be countersigned by a second director or some other person appointed by the Board for the purpose; and such signing is sufficient evidence that the common seal of the Foundation has been duly and properly affixed and that the seal is the lawful seal of the Foundation.