Amendment to trust deed of patriotic fund
33A Amendment to trust deed of patriotic fund
Subject to subsection (2), on the written application of the trustees of a patriotic fund, the Director may approve—
the amendment of the trust deed of the patriotic fund; or
the adoption of a new trust deed of the patriotic fund.
S. 33A(2) amended by No. 13/2017 s. 24.
The Director must not approve the amendment of a trust deed or the adoption of a new trust deed unless the amendment or the new trust deed (as the case may be) is consistent with the purposes of a patriotic fund set out in section 23.
On the approval by the Director under subsection (1), a trust deed has effect as amended or adopted.
S. 33B inserted by No. 12/2015 s. 4.
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