161Effect of sale of land

#### 161 Effect of sale of land 161 Effect of sale of land > > (1) If a member of a corporation sells to a person land to which the corporation provides or is able to provide water supply or drainage services— > > > > > (a) the member ceases to be a member in respect of that land when that sale takes effect, and > > > > > (b) the purchaser is taken to be a member of the corporation when the sale takes effect, and > > > > > (c) the purchaser has all the entitlements and liabilities of the vendor as a member, in respect of the land, that the vendor had immediately before the sale took effect. > > > (2) A member of a corporation who sells land as referred to in this section must notify the corporation of the sale in accordance with any requirements of the regulations or the rules. > > **s 161:** Subst 2010 No 133, Sch 2\[54\].