sec.120-oc.2Reservation of name

### sec.120-oc.2 Reservation of name A person may make an application in the approved form and in the way prescribed by regulation, accompanied by the relevant titles registry fee, to the registrar of titles for the reservation of a name set out in the application as the name of a building or a stratum parcel in a proposed leasehold building units plan. (amended) If the registrar of titles is satisfied as to the bona fides of the application and that the proposed name is a name with which the plan could be registered without contravention of section 9 , the registrar of titles shall reserve the proposed name in the manner prescribed for a period of 2 years from the date of the lodging of the application. If, at any time during the period for which a name is reserved, an application, accompanied by the relevant titles registry fee, is made to the registrar of titles for an extension of that period and the registrar of titles is satisfied as to the bona fides of the application, he or she may extend that period for a further period of 1 year. (amended) During a period for which a name is reserved in respect of a proposed leasehold building units plan, another leasehold building units plan or building units plan within the meaning of the Building Units and Group Titles Act shall not be registered under this Act whether originally or on change of name, under the reserved name. (amended) The reservation of a name under this section in respect of a proposed plan does not in itself entitle a plan to be registered by that name. An applicant for the reservation of a name who, during the period for which that name is reserved— lodges the leasehold building units plan in respect of which that name is reserved; or decides not to proceed with the registration of the leasehold building units plan in respect of which that name is reserved; or decides not to register the leasehold building units plan in the name so reserved; shall notify the registrar of titles to that effect and— in the case of paragraph (a) —the registrar of titles shall note his or her records accordingly; and in the case of paragraph (a) or (c) —the name shall cease to be reserved. (amended) (sec.120-oc.2-ssec.1) A person may make an application in the approved form and in the way prescribed by regulation, accompanied by the relevant titles registry fee, to the registrar of titles for the reservation of a name set out in the application as the name of a building or a stratum parcel in a proposed leasehold building units plan. (amended) (sec.120-oc.2-ssec.2) If the registrar of titles is satisfied as to the bona fides of the application and that the proposed name is a name with which the plan could be registered without contravention of section 9 , the registrar of titles shall reserve the proposed name in the manner prescribed for a period of 2 years from the date of the lodging of the application. (sec.120-oc.2-ssec.3) If, at any time during the period for which a name is reserved, an application, accompanied by the relevant titles registry fee, is made to the registrar of titles for an extension of that period and the registrar of titles is satisfied as to the bona fides of the application, he or she may extend that period for a further period of 1 year. (amended) (sec.120-oc.2-ssec.4) During a period for which a name is reserved in respect of a proposed leasehold building units plan, another leasehold building units plan or building units plan within the meaning of the Building Units and Group Titles Act shall not be registered under this Act whether originally or on change of name, under the reserved name. (amended) (sec.120-oc.2-ssec.5) The reservation of a name under this section in respect of a proposed plan does not in itself entitle a plan to be registered by that name. (sec.120-oc.2-ssec.6) An applicant for the reservation of a name who, during the period for which that name is reserved— lodges the leasehold building units plan in respect of which that name is reserved; or decides not to proceed with the registration of the leasehold building units plan in respect of which that name is reserved; or decides not to register the leasehold building units plan in the name so reserved; shall notify the registrar of titles to that effect and— in the case of paragraph (a) —the registrar of titles shall note his or her records accordingly; and in the case of paragraph (a) or (c) —the name shall cease to be reserved. (amended) - (a) lodges the leasehold building units plan in respect of which that name is reserved; or - (b) decides not to proceed with the registration of the leasehold building units plan in respect of which that name is reserved; or - (c) decides not to register the leasehold building units plan in the name so reserved; - (d) in the case of paragraph (a) —the registrar of titles shall note his or her records accordingly; and - (e) in the case of paragraph (a) or (c) —the name shall cease to be reserved.