Northern Territory Consolidated Acts

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UNIT TITLE SCHEMES ACT 2009 - SECT 49

Restriction of power of attorney

A power of attorney enabling the seller to act for the buyer:

        (a)     must be exercised in accordance with any written conditions specified by the buyer when giving the power; and

        (b)     ceases to have effect 1 year after the unit comes into existence unless it expires at an earlier time.



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