28Creation of owners corporation

28 Creation of owners corporation (1) In addition to section 24, when a plan providing for the creation of one or more owners corporations or containing common property is registered— (a) each owners corporation for which the plan provides is incorporated; and (b) the owners of the specified lots become the first members of the owners corporation; and (c) the owners for the time being of the lots are the members of the owners corporation. S. 28(2) amended by No. 4/2021 s. 89. (2) An owners corporation has perpetual succession and is capable of suing and being sued in its own name. An owners corporation has the powers and functions set out in Division 1 of Part 2 of the **Owners Corporations Act 2006**. S. 29