s 10 Bank accounts and application of revenue
10.—(1) The Board must open and maintain an account or accounts with such bank or banks as the Board thinks fit.
(2) Every account under subsection (1) must be operated by such person or persons authorised to do so by the Board.
(3) The moneys of the Board must be applied only in payment or discharge of the expenses, obligations and liabilities of the Board and in making any payments that the Board is authorised or required to make.[8
Read this section in the full act → · Open PART 2 →
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.
The Singapore legislation on this platform is subject to copyright of the Singapore Government and is used/reproduced for the purposes of this platform with the permission of the Attorney-General's Chambers. Users of this platform may check Singapore Statutes Online for the latest version of the Singapore legislation.