Section 63
Administration of the subsidiary management corporation
(2)
The subsidiary management corporation shall comprise all the proprietors of all parcels comprised in the development area for whose exclusive benefit the limited common property is designated.
Act 757
(3)
The proprietors who constitute a subsidiary management corporation may call and hold meetings and pass resolutions in the same manner as proprietors constituting a management corporation.
(4)
At least one member of the subsidiary management committee of a subsidiary management corporation shall be a member of the management committee of the management corporation.
(5)
The provisions of the Second Schedule shall apply to the subsidiary management corporation and the subsidiary management committee, with necessary modifications, including—
(a)
a reference to the “management corporation” shall be construed as a reference to the subsidiary management corporation; and
(b)
a reference to the “management committee” shall be construed as a reference to the subsidiary management committee.