259Notice to be given to owners corporation of mortgagee taking possession of lot

#### 259 Notice to be given to owners corporation of mortgagee taking possession of lot 259 Notice to be given to owners corporation of mortgagee taking possession of lot > If a mortgagee of a lot takes possession of the lot, the mortgagee must give written notice of that fact to the owners corporation within 14 days of taking possession of the lot. > > Maximum penalty—5 penalty units.