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← Business Trusts Act 2004

Business Trusts Act 2004 s 65

s 65 Registration and copies of certain resolutions

65.—(1) Except as otherwise expressly provided in this Act, the trustee‑manager of a registered business trust must lodge with the Authority a copy of —(a) every special resolution; and (b) every resolution passed by any class of unitholders of the registered business trust whether agreed to by all the unitholders of that class or not, within 14 days after the passing or making of every such resolution. [Act 30 of 2022 wef 12/03/2024] (2) The trustee‑manager of a registered business trust must, at the request of any unitholder of the registered business trust and without charge, forward to the unitholder a copy of every resolution to which this section applies. (3) Any trustee‑manager of a registered business trust which contravenes subsection (1) or (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 and, in the case of a continuing offence, to a further fine not exceeding $1,000 for every day or part of a day during which the offence continues after conviction.

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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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