Wednesday, September 30, 2020

Body Corporate And Community Management Act 1997

Chapter 5
Part 2
Division 5
Section 219

Restriction on powers of attorney in favour of seller | Section 219

(1)If the buyer gives the seller a power of attorney to act for the buyer, the power may be exercised only in ways, and only for purposes, disclosed in a written statement given to the buyer before the power is given.

(2)The statement must include a detailed description of the circumstances in which the power may be exercised.

(3)A power of attorney mentioned in subsection (1), unless it sooner expires, expires 1 year after the scheme is established or changed.

© 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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