Interpretation of this Division
56.  In this Division, unless the context otherwise requires —
“business” includes affairs, property, right, obligation and liability;
“certificate” means a certificate of transfer issued by the Minister under section 58(1);
[Act 31 of 2017 wef 04/06/2018]
“debenture” has the same meaning as in section 4(1) of the Companies Act (Cap. 50);
“determination” means a determination made by the Authority under section 57(1);
[Act 31 of 2017 wef 04/06/2018]
“guaranteed policy moneys” has the same meaning as in section 1A of the Insurance Act (Cap. 142);
[Act 31 of 2017 wef 29/10/2018]
“property” includes property, right and power of every description;
“specified business” means any part of the business of a transferor which is specified or identified in a certificate;
“transferee” means any person to which the whole or any part of a transferor’s business is, is to be, or is proposed to be transferred under this Division;
[Act 31 of 2017 wef 29/10/2018]
“transferor” means a pertinent financial institution the whole or any part of the business of which is, is to be, or is proposed to be transferred under this Division.
[Act 31 of 2017 wef 04/06/2018]
[Act 9 of 2013 wef 18/04/2013]