Co-operative Societies (Exemption under Section 97) (No. 3) Order 2013

Status:

Published in Subsidiary Legislation Supplement
on 23 Dec 2013

No. S 786

Co-operative Societies Act

(CHAPTER 62)

Co-operative Societies
(Exemption under Section 97) (No. 3)
Order 2013

In exercise of the powers conferred by section 97 of the Co‑operative Societies Act, Mr Lawrence Wong, Senior Minister of State, charged with the responsibility of the Minister for Culture, Community and Youth, hereby makes the following Order:

Citation and commencement

1. This Order may be cited as the Co‑operative Societies (Exemption under Section 97) (No. 3) Order 2013 and shall come into operation on 24th December 2013.

Exemption from section 89(3) of Act

2. Theresian Co‑operative Society Ltd shall be exempt from section 89(3) of the Act, in so far as —

(a)	any moneys remaining after the application of its funds to the purposes specified in section 88 of the Act; and
(b)	any sums unclaimed after 2 years from the date of cancellation of its registration,

shall be donated to CHIJ St. Theresa’s Convent, instead of being transferred to the Co‑operative Societies Liquidation Account.

Made this 17th day of December 2013.

YEOH CHEE YAN

Permanent Secretary,
Ministry of Culture,
Community and Youth,
Singapore.

[MCCY 76-13-03 Vol. 7; AG/LLRD/SL/62/2010/2 Vol. 3]

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