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← Business Trusts Act 2004

Business Trusts Act 2004 s 72

s 72 Power of court to rectify register

72.—(1) If —(a) the name of any person is without sufficient cause entered in or omitted from the register of the unitholders of a registered business trust mentioned in section 69(1); or (b) default is made or unnecessary delay takes place in entering in the register the fact of any person having ceased to be a unitholder, the person aggrieved or any unitholder or the trustee‑manager of the registered business trust, on behalf of the registered business trust, may apply to the court to rectify the register, and the court may refuse the application or may order rectification of the register and payment by the trustee‑manager of any damages sustained by any party to the application. (2) On any application under subsection (1), the court may decide —(a) any question relating to the title of any person who is a party to the application to have the person’s name entered in or omitted from the register of unitholders of a registered business trust mentioned in section 69(1), whether the question arises between unitholders or alleged unitholders or between unitholders or alleged unitholders on the one hand and the trustee‑manager of the registered business trust on the other hand; and (b) generally, any question necessary or expedient to be decided for the rectification of the register. (3) The court when making an order to rectify a register of the unitholders of a registered business trust is to direct, by its order, a notice of the rectification to be so lodged with the Authority. (4) No application to rectify a register of the unitholders of a registered business trust in respect of an entry which was made in the register more than 30 years before the date of the application is to be entertained by the court.

Read this section in the full act → · Open Division 2 →

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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