97Sale of association property using acquisition plan

97 Sale of association property using acquisition plan

97 Sale of association property using acquisition plan

(1) An association may sell part of its association property to a resuming authority if—

(a) the part to be sold is included in an acquisition plan, and

(b) the sale is authorised by special resolution.

(2) The Registrar-General may refuse to register a transfer of association property included in an acquisition plan unless the transfer is accompanied by a certificate—

(a) in the approved form, and

(b) given under the seal of the association, and

(c) to the effect that the sale has been approved by special resolution.