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Section 131 — Modification of law of insolvency

Despite anything to the contrary in this Act, the Companies Act 1967 and the Insolvency, Restructuring and Dissolution Act 2018 —

(a)any sale, transfer, assignment or other disposition of any property or business of a pertinent financial institution pursuant to section 67 or 73 must not be reversed, repaid or set aside, except where a certificate has been issued under section 71 to reverse such sale, transfer, assignment or other disposition; and

(b)no order may be made by any court for the rectification or stay of any such sale, transfer, assignment or other disposition.

Cite this section

FSMA2022, s 131 (Singapore Statutes Online). Retrieved via LawPlayer, https://lawplayer.com/sg/act/FSMA2022/131

Source: Singapore Statutes Online (sso.agc.gov.sg), © Singapore Government

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本頁資料來源:Singapore Statutes Online (AGC)·整理提供:法律人 LawPlayer· lawplayer.com