131Procedure for amending management statement

131 Procedure for amending management statement

131 Procedure for amending management statement

(1) An association may, in accordance with a special resolution, amend the management statement of the association to change the by-laws of the scheme.

Note.

If the special resolution is a sustainability infrastructure resolution fewer votes may be needed to pass it (see section 5(1)(b)).

(2) A management statement must not be amended—

(a) in a manner inconsistent with a restriction imposed by this Act on the making of the amendment, or

(b) in a manner that would make the management statement inconsistent with this Act or the Community Land Development Act 2021.

(3) A change to a management statement has no effect until—

(a) the association has lodged a notification with the Registrar-General in the manner approved by the Registrar-General, and

(b) the Registrar-General has made an appropriate recording of the notification in the folio of the Register for the association property.

(4) A notification cannot be lodged with the Registrar-General more than 6 months after the passing of the resolution to make the by-law.

s 131: Am 2023 No 45, Sch 4[26].