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4.
Establishment of a Joint Management Body
(1)	 Where a building or land intended for subdivision into parcels has been completed—
(a)	 before the commencement of this Act and vacant possession of the parcels has been delivered by the developer to purchasers but the management corporation has not come into existence, a Joint Management Body shall be established consisting of the developer and the purchasers upon the convening of the first meeting not later than twelve months from the commencement of this Act;
and

Building and Common Property
(Maintenance and Management)
(b)	 on or after the commencement of this Act, a Joint
Management Body shall be established consisting of the developer and the purchasers upon the convening of the first meeting not later than twelve months from the date of delivery of vacant possession of the parcels to the purchasers.
(2)	 The Body established by subsection (1) shall be a body corporate having perpetual succession and a common seal.
(3)	 The Body may sue and be sued in its name.
(4)	 The Body shall comprise the developer and the purchasers.

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s 4Establishment of a Joint Management Body

(1)

Where a building or land intended for subdivision into parcels has been completed—

(a)

before the commencement of this Act and vacant possession of the parcels has been delivered by the developer to purchasers but the management corporation has not come into existence, a Joint Management Body shall be established consisting of the developer and the purchasers upon the convening of the first meeting not later than twelve months from the commencement of this Act;

and

Building and Common Property

(Maintenance and Management)

(b)

on or after the commencement of this Act, a Joint

Management Body shall be established consisting of the developer and the purchasers upon the convening of the first meeting not later than twelve months from the date of delivery of vacant possession of the parcels to the purchasers.

(2)

The Body established by subsection (1) shall be a body corporate having perpetual succession and a common seal.

(3)

The Body may sue and be sued in its name.

(4)

The Body shall comprise the developer and the purchasers.