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.

(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 does not apply to an association.

Note.

Section 50(1)(d) of the Interpretation Act 1987 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.