28Termination of strata scheme

#### 28 Termination of strata scheme 28 Termination of strata scheme > > (1) An owners corporation for a strata scheme that is subject to an order under the [Strata Schemes Development Act 2015](/view/html/inforce/current/act-2015-051) for the termination of the strata scheme continues in existence until it is wound up in accordance with the order. > > > (2) While it so continues in existence, the owners corporation is constituted of persons who the order specifies are liable to contribute money required for the discharge of the liabilities of the owners corporation and persons who the order specifies are entitled to share in a distribution of assets of the owners corporation.