Singapore legislation

Clause 12

of Singapore Red Cross Society (Incorporation) Bill

Clause 12

Application of income and property

The income and property of the Society whencesoever derived shall be applied solely towards the promotion of the objects of the Society as set out in this Act and no part thereof shall be paid or transferred directly or indirectly by way of dividend, bonus or otherwise howsoever by way of profit to the members of the Society:Provided that nothing herein contained shall preclude the payment in good faith of remuneration to any officer or servant of the Society or to any member of the Society in return for services rendered to the Society.