Post Office Savings Bank of Singapore Act

(CHAPTER 237)

(Original Enactment: Act 13 of 1971)

REVISED EDITION 1985

(30th March 1987)

An Act to incorporate the Post Office Savings Bank of Singapore and to provide for the transfer to, and for the vesting in, the corporation of the functions, assets and liabilities of the Post Office Savings Bank established under the Post Office Savings Bank Act (Chapter 198 of the 1970 Edition).

[1st January 1972]

PART I

PRELIMINARY

Short title

1. This Act may be cited as the Post Office Savings Bank of Singapore Act.

Interpretation

2. In this Act, unless the context otherwise requires —

“Bank” means the Post Office Savings Bank of Singapore established under section 3;

“Board” means the Board of Directors referred to in section 8;

“Chairman” means the Chairman appointed by the Minister under section 9;

“director” means a director appointed under section 8(1) and includes the Chairman;

“General Manager” means the General Manager appointed under section 18 and includes any person appointed to act as General Manager;

“guardian” means the father of a minor, or if the father is dead, the mother, or if both parents are dead or absent from Singapore or are incapable of acting owing to disability or other cause and no guardian of the minor has been appointed by will or deed or under any other written law for the time being in force or by any competent court, any adult person with whom the minor is residing and by whom he is being maintained;

“minor” means a person who has not attained the age of 18 years.

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