Section 22
ActIn forceProvision 22 of 92
Section 22
(1)
Prior to the registration of a scheme under section 9, a management company shall, subject to section 23, appoint a trustee to act for the interest holders.
(2)
The appointment of a trustee by the management company shall be subject to the approval of the Registrar.
(3)
In granting his approval under subsection (2), the Registrar may, having regard to the nature of the contract, arrangement,
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undertaking or enterprise, to which a trust deed or contractual agreement relates, impose on the trustee such terms and conditions as he thinks fit.