In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Trust Companies Act 2005 · 2020 Revised Edition · Part 4 · Probate and Administration
25. Licensed trust company not to provide security
Feedback & support(1)
Despite the provisions of the Probate and Administration Act 1934, a licensed trust company to which a grant of letters of administration has been made is not required to provide security for the due administration of the estate.
licensed trust company
Defined · s 2
“licensed trust company” means a corporation holding a trust business licence;
(2)
Despite the provisions of the Probate and Administration Act 1934 or any other written law, a licensed trust company appointed by the court to perform the duties of receiver, guardian, committee or any other office or trust is not required to provide security for the due performance of such duties.