Malaysia legislation
Section 22
Section 22
“Limited common property and subsidiary management corporations allowed
The principal Act is amended by inserting after section 19
the following section:
“Transfer of ownership of strata titles 19a. (1) Any original proprietor or any person or body appointed by a court of competent jurisdiction shall execute the transfer of strata title to the purchaser within thirty days from the date of issue of strata title by the Land
Administrator or any extended period approved by the Director upon the opening of the strata register.
(2)
Any purchaser shall execute complete documents of transfer of strata title within thirty days or any extended period approved by the Director from the date of notice of transfer of strata title being served to the purchaser by the original proprietor or from the date of purchase of the parcel, whichever is the later.
(3)
Any original proprietor or any person or body appointed by a court of competent jurisdiction or any purchaser who fails to comply with subsection (1) or (2) shall be guilty of an offence and shall, on conviction, be liable to a fine of not less than one thousand ringgit but not more than ten thousand ringgit per parcel.”.
Amendment of heading of Part IV