Singapore legislation
Clause 2
Clause 2
Amendment of section 3
Section 3 of the Trustees Act is hereby amended —
(a)
by inserting, immediately after the definition of “the court”, the following definition: —“ “debentures” includes debenture stock, loan stock, bonds, notes and any other document which creates or acknowledges a debt, whether constituting a charge on assets or not;”; and
(b)
by inserting in the definition of “securities”, immediately after the word “includes” in the first line thereof, the expression “debentures,”.