Singapore legislation

Regulation 16

of Business Trusts Regulations

Regulation 16

Appointment of temporary trustee-manager by court

For the purposes of section 21 of the Act, the temporary trustee-manager of a registered business trust shall —

(a)

within 7 days after the making of the order by the court appointing it as the temporary trustee-manager —

(i)

lodge a notice with the Authority notifying it of the order and the effective date of the change; and

(ii)

inform all the unitholders of the registered business trust of the order and the effective date of the change; and

(b)

within 14 days after its appointment as the temporary trustee-manager takes effect, or such other period of time as may be specified by the Authority, provide notice of the change to the other parties to the documents and agreements referred to in section 25(1) of the Act.

Read in full context — Business Trusts Regulations →