Singapore legislation
Regulation 3
of Insolvency, Restructuring and Dissolution (Receivership) Regulations 2020
Regulation 3
Time from which appointment of joint receivers or managers is effective
Subregulation 1
If a person obtains an order of court for the appointment of 2 or more persons as joint receivers or managers of the property of a company, or of the property in Singapore of a corporation, the appointment is deemed to be made at the time the order is made.
Subregulation 2
If 2 or more persons are appointed as joint receivers or managers of the property of a company, or of the property in Singapore of a corporation, under any powers contained in any instrument, the appointment —
is of no effect unless it is accepted by each person appointed as joint receiver or manager before the end of the business day next following that on which the instrument of appointment is received by or on behalf of each such person; and (b)subject to sub‑paragraph (a), is deemed to be made at the time at which the instrument of appointment is so received by all such persons or, if each person receives the instrument of appointment on a different date, the last date on which the instrument of appointment is so received.