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Section 73

Monies not required for immediate use

of Strata Management Ordinance, 2019

State OrdinanceIn forceProvision 69 of 137
Section 73

All monies in the accounts required to be opened and maintained under this Part which exceeds ten 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.