Preliminary · Repealed · Part VI
Section 26
Official textFrom Laws of Malaysia Online, unchanged
A person shall not be appointed as a managing agent if the person has a professional or pecuniary interest in any building or land intended for subdivision into parcels.
A person is regarded as having a professional or pecuniary interest in any building or land if—
he has been responsible for the design or construction of the building;
he or any of his nominees, officers or employees has any material interest in the building or land or any part of the building or land;
he is a partner or is in the employment of a person who has any material interest in the building or land or any part of the building or land; or
he or his family holds any interest in the building or land or part of the building or land whether directly, as a trustee or otherwise.
Managing agent to lodge bond