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← Co-operative Societies Act 1979

Co-operative Societies Act 1979 s 100BA

s 100BA False or misleading statement or information to induce person to join society, etc.

100BA. Any member or officer of a society shall be guilty of an offence, and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 2 years or to both, if that member or officer —(a) makes or disseminates any statement that is false or misleading in a material particular, with the intention of inducing another person —(i) to become a member of the society; or (ii) to enter into any contract, transaction or arrangement with the society for the benefit of the society or its members; and (b) at the time the statement is made or disseminated, knows that, or is reckless as to whether, the statement is false or misleading in a material particular.[3/2018]

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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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