31Dealings to grant or accept relevant interest

31 Dealings to grant or accept relevant interest

31 Dealings to grant or accept relevant interest

(1) A dealing by an association to grant, release, vary or accept a relevant interest that burdens or benefits land must be accompanied by a certificate—

(a) in the approved form, and

(b) under the seal of the association, and

(c) to the effect that the dealing was approved by the association in accordance with this Division.

(2) A dealing under this section must not be registered if the association is a neighbourhood association unless—

(a) the initial period has expired, or

(b) there is a development contract in force and the dealing is in accordance with the contract, or

(c) the dealing has been authorised by the Tribunal.