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Formal Consolidation |  1998 RevEd
Use of minimum sum
15.  A member shall, if he desires to deposit in an approved bank or to purchase an approved annuity with the amount maintained by him as the minimum sum, use the whole amount maintained by him as the minimum sum at that time for such deposit or purchase.
Informal Consolidation | Amended S 387/2004
Use of minimum sum
15.—(1)  A member shall, if he desires to deposit in an approved bank the amount maintained by him as the minimum sum, use the whole amount maintained by him as the minimum sum at that time for such deposit.
(2)  A member shall, if he desires to purchase an approved annuity with the amount maintained by him as the minimum sum, use the whole or part of the amount maintained by him as the minimum sum at that time for such purchase.
[S 387/2004 wef 01/07/2004]