Business Trusts Act (Cap 31A)

Business Trusts Act (Cap 31A), Woon’s Corporations Law, Walter Woon (ed), 2020

Posted: 14 Apr 2020

See all articles by Vincent Ooi

Vincent Ooi

Singapore Management University - School of Law; Singapore Management University - Centre for AI & Data Governance

Multiple version iconThere are 2 versions of this paper

Date Written: March 1, 2020

Abstract

As explained by the Minister for Education and Deputy Chairman of the Monetary Authority of Singapore Mr. Tharman Shanmugaratnam in the Second Reading speech in Parliament on the Business Trusts Bill, business trusts are distinct from both companies and traditional trusts. Like a company, a business trust operates and runs a business enterprise. But unlike a company, a business trust is not a separate legal entity. It is created by a trust deed under which the trustee has legal ownership of the trust assets and manages the assets for the benefit of the beneficiaries of the trust. However, a business trust differs from traditional trusts - such as private trusts and unit trusts - in that it is running and operating a business enterprise.

Keywords: Business Trusts, Company Law

Suggested Citation

Ooi, Vincent, Business Trusts Act (Cap 31A) (March 1, 2020). Business Trusts Act (Cap 31A), Woon’s Corporations Law, Walter Woon (ed), 2020, Available at SSRN: https://ssrn.com/abstract=3556539

Vincent Ooi (Contact Author)

Singapore Management University - School of Law ( email )

55 Armenian Street
Singapore, 179943
Singapore

HOME PAGE: http://vincentooi.com

Singapore Management University - Centre for AI & Data Governance ( email )

55 Armenian Street
Singapore
Singapore

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