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Strata Management Act 2013 s 67

Strata Management Act 2013 s 67

s 67 Sinking fund account of subsidiary management corporation

(1) A subsidiary management corporation shall open and maintain a sinking fund account with a bank or financial institution, into which shall be deposited all contributions to the sinking fund paid by the proprietors constituting the subsidiary management corporation. (2) The sinking fund account may be used only for the purposes specified in subsection 51(2).

Malay text (authoritative)

Akaun kumpulan wang penjelas perbadanan pengurusan subsidiari

(1) Perbadanan pengurusan subsidiari hendaklah membuka dan menyenggarakan suatu akaun kumpulan wang penjelas dengan suatu bank atau institusi kewangan, yang ke dalamnya hendaklah didepositkan semua caruman kepada kumpulan wang penjelas yang dibayar oleh pemilik yang membentuk perbadanan pengurusan subsidiari itu. (2) Akaun kumpulan wang penjelas boleh digunakan hanya bagi maksud yang dinyatakan dalam subseksyen 51(2).

Read this section in the full act → · Open Chapter 4 →

Find Act 757 on lom.agc.gov.my ↗

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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