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Strata Management Act 2013 s 66

Strata Management Act 2013 s 66

s 66 Maintenance account of subsidiary management corporation

(1) A subsidiary management corporation shall open and maintain a maintenance account with a bank or financial institution, into which shall be deposited all Charges paid by the proprietors constituting the subsidiary management corporation. (2) The maintenance account shall consist of the moneys specified in subsection 50(2) and may be used only for the purposes specified in subsection 50(3).

Malay text (authoritative)

Akaun penyenggaraan perbadanan pengurusan subsidiari

(1) Perbadanan pengurusan subsidiari hendaklah membuka dan menyenggarakan suatu akaun penyenggaraan dengan suatu bank atau institusi kewangan, yang ke dalamnya hendaklah didepositkan semua Caj yang dibayar oleh pemilik yang membentuk perbadanan pengurusan subsidiari itu. (2) Akaun penyenggaraan hendaklah terdiri daripada wang yang dinyatakan dalam subseksyen 50(2) dan boleh digunakan hanya bagi maksud yang dinyatakan dalam subseksyen 50(3).

Read this section in the full act β†’ Β· Open Chapter 4 β†’

Find Act 757 on lom.agc.gov.my β†—

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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