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← Business Trusts Act 2004

Business Trusts Act 2004 s 63B

s 63B Requirements for passing of resolutions by written means

63B.—(1) A resolution of the unitholders of an unlisted registered business trust may only be passed by written means if —(a) either —(i) agreement to the resolution was first sought by the directors of the trustee-manager of the unlisted registered business trust in accordance with section 63C; or (ii) a requisition for that resolution was first given to the trustee-manager of the unlisted registered business trust in accordance with section 62 and, by reason of that notice, the documents mentioned in section 62(3A) in respect of the resolution were served on the unitholders of the unlisted registered business trust in accordance with section 62(3A); (b) the trust deed of the unlisted registered business trust does not prohibit the passing of resolutions (either generally or for the purpose in question) by written means; and (c) all conditions in the trust deed of the unlisted registered business trust relating to the passing of the resolution by written means are met. (2) Any resolution that is passed in contravention of subsection (1) is invalid.[Act 30 of 2022 wef 12/03/2024]

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

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