Strata Management Act 2013 · Updated to 8 Feb 2013 · Part V · Strata Management After Existence of
Strata Management Act 2013 · Updated to 8 Feb 2013 · Part V · Strata Management After Existence of
Official textFrom Laws of Malaysia Online, unchanged
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.
management corporation
“management corporation” means the management corporation which comes into existence under the Strata Titles Act 1985;
bank or financial institution
“bank or financial institution” means a bank or financial institution licensed under the Banking and Financial Institutions Act 1989 or the Islamic Banking Act 1983, or regulated by the Central Bank under any written law;
management corporation
“management corporation” means the management corporation which comes into existence under the Strata Titles Act 1985;
subsidiary management corporation
“subsidiary management corporation” means the subsidiary management corporation which is created under the Strata Titles Act 1985;
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