New South Wales Consolidated Acts
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STRATA SCHEMES DEVELOPMENT ACT 2015 - SECT 37
Effect of dealings under this Division
37 Effect of dealings under this Division
(1) A dealing executed by an owners corporation for the purposes of this
Division is as valid and effective as it would be if it were also executed by
the owners of all the lots in the strata scheme.
(2) The receipt of the
owners corporation for an amount payable to it in relation to a dealing is a
sufficient discharge for the payment and exonerates each person paying the
amount from any responsibility for its application.
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