Hong Kong Ordinances

OCCUPATIONAL RETIREMENT SCHEMES ORDINANCE - SECT 55

Saving of bona fide transactions, etc.

Nothing in section 52, 53 and 54 shall invalidate-

   (a)  any payment of benefit to a member of an occupational 
        retirement scheme under the scheme before the commencement of the
        winding up of the scheme; or

   (b)  any bona fide contract, dealing or transaction made over any asset of
        the scheme for valuable consideration. (Enacted 1992)