Monday, October 26, 2020

Body Corporate And Community Management Act 1997

Chapter 3
Part 2
Division 8
Section 140

Requirement for transfer | Section 140

The letting agent must transfer the letting agent’s management rights for the scheme if—

(a)a ground exists for the body corporate to require the transfer; and

(b)the body corporate—

(i)by majority resolution decided by secret ballot conducted in the way prescribed under the regulation module applying to the scheme requires the transfer; and

(ii)gives written notice of the requirement (the transfer notice) to the letting agent.

© Sourced from the Queensland Legislation website at 1 April 2020. For the latest information on Queensland Government legislation please go to https://www.legislation.qld.gov.au.

Disclaimer: Reproduced from the Body Corporate and Community Management Act 1997. This website does not give legal advice or other professional advice. You should seek legal or other professional advice before acting and not rely on any of the content on this website.

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