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← Business Trusts Act 2004

Business Trusts Act 2004 s 69

s 69 Register of unitholders

69.—(1) The trustee‑manager of a registered business trust must —(a) keep and maintain, or cause to be kept and maintained, a register of the unitholders of the registered business trust; and (b) make that register available for inspection, without charge, by any person during the business hours of the trustee‑manager. (2) The register mentioned in subsection (1) must contain —(a) the name and address of each unitholder of the registered business trust; (b) the extent of holding by each unitholder of units in the registered business trust; (c) the date on which the name of each person was entered in the register as a unitholder; and (d) the date on which any person ceased to be a unitholder. (3) Any trustee‑manager of a registered business trust which contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000 and, in the case of a continuing offence, to a further fine not exceeding $2,500 for every day or part of a day during which the offence continues after conviction. (4) The trustee‑manager of a registered business trust is not by reason of anything done under Subdivision (1) of Division 2 of Part 7 of the Securities and Futures Act 2001 —(a) to be taken for any purpose to have notice of; or (b) to be put upon inquiry as to, a right of a person to or in relation to a unit in the registered business trust for the purposes of this section. [2/2009]

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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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