Section 15
of Strata Management Ordinance, 2019
State OrdinanceIn forceProvision 15 of 137
Section 15
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(1)
If any balance of monies in the maintenance account and in the sinking fund account has not been transferred by the developer under section 14 (1)(a), the monies shall vest in the joint management body on the date of the expiry of the developer’s management period.