Malaysia legislation
Section 26
Section 26
Section 57 of the principal Act is amended—
(a)
in subsection (1)—
(i)
by inserting before the words “may be directed by unanimous resolution” the words “after making sure that no land revenue is outstanding”; and
(ii)
by inserting after the words “subdivision of the building” the words “or land”;
(b)
in subsection (2), by substituting for the words “the
Registrar” the words “and if the Registrar is satisfied, he”;
(c)
in subsection (3), by inserting after the word “building”
the words “or land”;
(d)
in subsection (4), by substituting for paragraph (d) the following paragraph:
“(d) the former proprietors may by unanimous resolution direct the management corporation—
(i)
to transfer the lot to any one or more of the former proprietors or to any other person or body; and
(ii)
to determine the reasonable period for the management corporation to continue in existence to settle its affairs; and”;
(e)
in subsection (6)—
(i)
in paragraph (a)—
(A)
by substituting for the words “wind up” the word “settle”; and
(B)
by deleting the word “and” after the words
“to exist;”; and
(ii)
by inserting after paragraph (a) the following paragraph:
“(aa) informing the Registrar the date that the management corporation shall cease to exist;
and”; and
(f)
in subsection (8)—
(i)
in the definition of “former chargee”, by inserting after the word “building” wherever appearing the words “or land”; and
(ii)
in the definition of “former proprietor”—
(A)
by substituting for the words “subdivided building” the words “subdivided building or land”; and
Strata Titles (Amendment)
(B)
by inserting after the words “parcel in the building” the words “or land”.
New Part VIIIa