No. S 552
Co-operative Societies Act
Co-operative Societies (Exemption under
Section 97) (No. 2) Order 2014
In exercise of the powers conferred by section 97 of the Co-operative Societies Act, 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. 2) Order 2014 and shall come into operation on 27 August 2014.
Exemption from section 89(3) of Act
2.  Singapore Polytechnic Co-operative Limited 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 the Singapore Polytechnic Endowment Fund, instead of being transferred to the Co-operative Societies Liquidation Account.
Made on 22 August 2014.
Permanent Secretary,
Ministry of Culture,
Community and Youth,
[MCCY 076-013-003 Vol. 7; AG/LLRD/SL/62/2010/2 Vol. 4]