Section 19
of Land Subsidiary Title Enactment 1972
Section 19
(1)
The management corporation shall establish a fund for administrative expenses
(herein referred to as ―the management fund‖) sufficient in the opinion of the management corporation for the purposes of controlling, managing and administering the common property, building maintenance, building improvement, sinking fund, paying rent, rates and premiums of insurance and discharging any other obligation of the management corporation.
(2)
The management corporation may invest as it thinks fit any moneys in the management fund.
(3)
For the purpose of establishing and maintaining the management fund, the management corporation may —
(a)
determine from time to time the amounts to be raised for the purposes mentioned in subsection (1); and
(b)
raise the amounts so determined by levying contributions on the subsidiary owners in proportion to the share units of their respective parcels.
(4)
The management corporation shall on the application of a subsidiary owner, chargee or any person or body authorised in writing by him certify —
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(a)
the amount of any contribution determined as the contribution of that owner;
(b the manner in which the contribution is payable;
(c)
the extent (if any) to which the contribution has paid; and
(d)
the amount of any rate paid in respect of that owner’s parcel by the management corporation under section 21 and not recovered by it, and in favour of any person or body dealing with that owner the certificate shall be conclusive evidence of the matters certified.
(5)
A subsidiary owner on whom a contribution is levied under subsection (3) and, without prejudice to the conclusiveness of a certificate given under subsection (4), his successors in title shall be jointly and severally liable for the payment of contribution, which shall be recoverable accordingly by the management corporation:
Provided that such contributions shall not be personal to the owner and shall not be subject to the Limitation Ordinance [Cap. 72.].
(6)
The management corporation may, at its absolute discretion, give to the
Registrar or Collector notice in accordance with the provisions of the Land Ordinance [Cap.