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← Business Trusts Act 2004

Business Trusts Act 2004 s 63D

s 63D Unitholders may require general meeting for resolution

63D.—(1) Any unitholder or unitholders of an unlisted registered business trust representing at least 5% of the total voting rights of all the unitholders having the right to vote on a resolution at a general meeting of the unitholders of the unlisted registered business trust may, within 7 days after —(a) the text of the resolution has been sent to the unitholder or unitholders in accordance with section 63C; or (b) the documents mentioned in section 62(3A) in respect of the resolution have been served on the unitholder or unitholders, (as the case may be) give notice to the trustee-manager of the unlisted registered business trust requiring that a general meeting of the unitholders of the unlisted registered business trust be convened for that resolution. (2) Where notice is given under subsection (1) —(a) the resolution is invalid even though it may have in the meantime been passed in accordance with section 63A; and (b) the directors of the trustee-manager of the unlisted registered business trust must proceed to convene a general meeting of the unitholders of the unlisted registered business trust for the resolution.[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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