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Section 36

Moneys not required for immediate use

of Strata Management Act 2013

ActIn forceProvision 36 of 192
Section 36

All moneys in the accounts required to be opened and maintained under this Part which exceeds five thousand ringgit and which are not required for immediate use, shall be placed or deposited by the developer or the joint management body, as the case may be, into an income-bearing deposit account with a bank or financial institution.