117Powers to deal with property

#### 117 Powers to deal with property 117 Powers to deal with property > > (1) An association may dispose of or otherwise deal with a lot vested in the association as a result of a subdivision effected under the [Community Land Development Act 2021](/view/html/inforce/current/act-2021-006). > > > (2) An association may acquire or dispose of personal property or otherwise deal with personal property of the association. > > > (3) Section 50(1)(d) of the [Interpretation Act 1987](/view/html/inforce/current/act-1987-015) does not apply to an association. > > > > Note. > > > > Section 50(1)(d) of the [Interpretation Act 1987](/view/html/inforce/current/act-1987-015) provides that a statutory corporation may, for the purpose of enabling it to exercise its functions, purchase, exchange, take on lease, hold, dispose of and otherwise deal with property.