s 20 Immovable property of Corporation
20.—(1) The Corporation shall not sell, exchange, mortgage, lease (otherwise than upon a tenancy not exceeding 3 years) or otherwise alienate or encumber any immovable property belonging to the Corporation without the permission of the General Division of the High Court, and the Corporation shall not purchase any immovable property out of the funds of the Corporation without such permission, and no application to the General Division of the High Court for such permission shall be made without a resolution being first passed at a general meeting of members held for such purpose.[Act 25 of 2021 wef 01/04/2022] [37/2007; 40/2019] (2) An application for such permission shall be made to the Court by originating application supported by an affidavit setting out the facts and reasons for which the Corporation desires to sell, exchange, mortgage or otherwise alienate or encumber or purchase the immovable property, and the application shall seek a decree of the court as in a suit relating to charities.[Act 25 of 2021 wef 01/04/2022] [42/2005] (3) A copy of every such application shall be served on the Attorney‑General a reasonable time before the hearing of the application.[42/2005] (4) The Attorney‑General may oppose the application, and if, after hearing him, the General Division of the High Court is of opinion that it will be for the general advantage of the Corporation and the members of the Teochew Community for whose benefit the Corporation is maintained to grant the application the General Division of the High Court may make a decree to that effect.[42/2005; 40/2019] (5) The application to the General Division of the High Court and the decree of the General Division of the High Court shall be recited in the conveyance, assignment, mortgage, lease or other assurance of the immovable property to be given to the purchaser, mortgagee, lessee or other person or taken by the Corporation.[40/2019] (6) Any immovable property so sold, exchanged, leased or otherwise alienated, except by way of mortgage, shall be held by the purchaser or person exchanging or otherwise taking the same free from the trusts imposed under this Ordinance.