Business Trusts Act (Cap 31A)
Publication Type
Book Chapter
Publication Date
6-2020
Abstract
As explained by the Minister for Education and Deputy Chairman of the Monetary Authority of Singapore Mr Tharman Shanmugaratnam in the Second Reading speech in Parliament on the Business Trusts Bill, business trusts are distinct from both companies and traditional trusts. Like a company, a business trust operates and runs a business enterprise. But unlike a company, a business trust is not a separate legal entity. It is created by a trust deed under which the trustee has legal ownership of the trust assets and manages the assets for the benefit of the beneficiaries of the trust. However, a business trust differs from traditional trusts - such as private trusts and unit trusts - in that it is running and operating a business enterprise.
Keywords
Business Trusts, Company Law
Discipline
Asian Studies | Business Organizations Law
Research Areas
Corporate, Finance and Securities Law
Publication
Woon’s Corporations Law
Editor
WOON, Walter C. M.; YEE, See Mun
ISBN
9789814770071
Publisher
LexisNexis
City or Country
Singapore
Citation
OOI, Vincent.
Business Trusts Act (Cap 31A). (2020). Woon’s Corporations Law.
Available at: https://ink.library.smu.edu.sg/sol_research/3181