Malaysia legislation
Section 56
Section 56
(2)
The sinking fund account may be used only for the purposes specified in section 41(2).
73
Subsidiary proprietors to pay maintenance charge, and contribution to the sinking fund, to subsidiary management corporation 57.—
Each subsidiary proprietor constituting a subsidiary management corporation shall pay the maintenance charge, and contribution to the sinking fund, to the subsidiary management corporation for the expenses related to its limited common property.
(2)
The amount of maintenance charge to be paid under subsection (1) shall be determined by the subsidiary management corporation from time to time in proportion to the share units of each parcel.
(3)
The amount of contribution to the sinking fund to be paid under subsection (1) shall be a sum equivalent to ten percent of the maintenance charge unless otherwise determined by the subsidiary management corporation from time to time at a general meeting, but such contribution to the sinking fund shall not be less than ten percent of the maintenance charge.
(4)
Any maintenance charge, or contribution to the sinking fund, imposed under subsection (2) or (3) in respect of a parcel shall be due and payable on the passing of a special resolution to that effect by the subsidiary management corporation and in accordance with the terms of that resolution, and may be recovered in the manner set out in section 71 from a subsidiary proprietor or his successor-in-title to the parcel.
Judgments against management corporation relating to limited common property