Skip to content

Section 80

Moneys not required for immediate use

of Strata Management Act 2013

ActIn forceProvision 80 of 192
Section 80

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 management corporation or the subsidiary management corporation, as the case may be, into an income-bearing deposit account with a bank or financial institution.