New South Wales Consolidated Acts
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COMMUNITY LAND MANAGEMENT ACT 2021 - SECT 55
Transfer of functions of managing agent
55 Transfer of functions of managing agent
(1) A managing agent of an association may transfer the managing agent's
functions, but only if the transfer is authorised by a resolution at a general
meeting of the association for the scheme.
(2) A person to whom the functions
are transferred is taken to be appointed under this Division as a managing
agent for the scheme.
(3) The term of appointment as a managing agent of the
person to whom the functions are transferred ends on the same day as the term
of the person by whom the functions were transferred would have ended if the
transfer had not taken place.
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