Part 9The community corporation

Part 9—The community corporation Division 1—Establishment of the corporation 71—Establishment of corporation (1) A community corporation is established when a plan of community division is deposited in the Lands Titles Registration Office. (2) The name of the corporation is "Community Corporation No.            Incorporated" where the number is the number of the deposited community plan. (3) The abbreviation "Inc." may be used in place of the word "Incorporated". (4) The address of the corporation is the address of the corporation for the time being shown on the certificate of title for the common property. (5) The address may be changed on application to the Registrar-General by the corporation in a form approved by the Registrar-General. 72—Corporate nature of community corporations A community corporation is a body corporate and— (a) has perpetual succession; and (b) may sue and be sued in its corporate name; and (c) has the functions and powers assigned or conferred by or under this Act or any other Act. 73—The corporation's common seal (1) A corporation must have a common seal bearing its name. (2) The seal may only be used in a manner directed by the corporation in general meeting or, if the corporation has not given such a direction, may only be used in the presence of any two of the presiding officer, treasurer and secretary of the corporation both of whom must sign the document to which the seal is affixed as witnesses. (3) Where all three of those offices are held by one person, the presence of that person is sufficient for compliance with subsection (2). 74—Members of corporation (1) The owners for the time being of the community lots1 into which a community parcel is divided are the members of the corporation established on deposit of the plan. (2) If a primary lot is divided by a secondary plan or a secondary lot is divided by a tertiary plan, the secondary or tertiary corporation (not the owners of the secondary or tertiary lots) is a member of the primary or secondary corporation in respect of that lot.