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← Moneylenders Act 2008

Moneylenders Act 2008 s 21

s 21 Interpretation of this Part

21. In this Part, unless the context otherwise requires —“account” means any deposit or current account opened with a bank; “deal with” means —(a) in respect of property comprising funds —(i) use, alter, move, allow access to or transfer; or (ii) deal with in any other way that would result in any change in volume, amount, location, ownership, possession, character or destination; and (b) in respect of any other property, use to obtain funds in any way, including (but not limited to) by selling, hiring or mortgaging the property; “funds” includes cheques, bank deposits and other financial resources; “property” means property of every kind, whether tangible or intangible, movable or immovable, and whether situated within or outside Singapore, and includes funds.[15A

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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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