NSWIn ForceAct
Community Land Management Act 2021
104Power to borrow money
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#### 104 Power to borrow money
104 Power to borrow money
> > (1) An association may borrow money and secure the repayment of money and of any interest in a manner agreed between the association and the lender, otherwise than by charging the repayment on the association property.
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> > (2) An association must not borrow money, or secure the payment of money and interest, unless a resolution approving the relevant loan has been passed at a general meeting of the association.