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← Business Trusts Act 2004

Business Trusts Act 2004 s 9

s 9 Use of information and advice

9.—(1) Subject to subsection (2), the trustee‑manager of a registered business trust may, when exercising powers or performing duties as a trustee‑manager, rely on reports, statements, financial data and other information prepared or supplied, and on professional or expert advice given, by a professional adviser or an expert in relation to matters which the trustee‑manager believes on reasonable grounds to be within the person’s professional or expert competence. (2) Subsection (1) applies to the trustee‑manager of a registered business trust only if the trustee‑manager —(a) acts in good faith; (b) makes proper inquiry where the need for inquiry is indicated by the circumstances; and (c) has no knowledge that such reliance is unwarranted.

Read this section in the full act → · Open Division 1 →

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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