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Transfer of stock of mentally disordered person

Mental Disorders and Treatment Act

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Where any stock or Government or municipal securities or any share or debenture in a public company (transferable within Singapore or the dividends of which are payable there) are standing in the name of, or are vested in, a mentally disordered person beneficially entitled thereto or a committee of the estate of a mentally disordered person or a trustee for him, and the committee or trustee dies intestate or himself becomes mentally disordered or is out of the jurisdiction of the court, or it is uncertain whether the committee or trustee is living or dead or he neglects or refuses to transfer the stock, securities or shares or to receive and pay the dividends to a new committee or trustee, or as he directs, within 14 days after being required by him to do so, the court may order some fit person to make such transfer or to transfer the same and to receive and pay over the dividends in such manner as the court may direct, and the transfer or payment shall be valid and effectual for all purposes.

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