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← Insolvency, Restructuring and Dissolution Act 2018

Insolvency, Restructuring and Dissolution Act 2018 s 400

s 400 Disqualification of bankrupt

400.—(1) In addition to any disqualification under any other written law, a bankrupt is disqualified from being appointed or acting as a trustee or personal representative in respect of any trust, estate or settlement, except with the permission of the Court.[Act 25 of 2021 wef 01/04/2022] (2) Any disqualification to which a bankrupt is subject under this section ceases when —(a) the bankruptcy order against the bankrupt is annulled or rescinded; or (b) the bankrupt is discharged under Part 18. (3) Any person who acts as a trustee or personal representative while that person is disqualified by virtue of subsection (1) 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.

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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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