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← Environmental Protection and Management Act 1999

Environmental Protection and Management Act 1999 s 57

s 57 Application of proceeds of sale

57.—(1) The proceeds of a sale under section 55(1) and (2) must be applied firstly in satisfaction of the arrears together with interest on the arrears at the prescribed rate and costs. (2) Where there is any surplus remaining, the Director‑General must —(a) if satisfied as to the right of any person claiming the surplus — pay the amount of the surplus to that person; or (b) if not so satisfied — hold the amount in trust for the person who may ultimately succeed in due course of law in establishing the person’s title to the surplus. (3) If no title is established to the surplus within a period of 5 years from the date of the sale, it must be paid into the Consolidated Fund.

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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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