100—Administrator of community corporation's affairs
(1) The District Court
or the Magistrates Court may, on application by—
(a) a
community corporation; or
(b) a
creditor of a community corporation; or
(c) the
owner of a community lot or a development lot; or
(d) a
person who holds a registered encumbrance over a community lot or a
development lot,
appoint an administrator of the community corporation, or remove or replace an
administrator previously appointed.
(2) An administrator
has, while the appointment remains in force, full and exclusive power to
administer the affairs of the community corporation (including power to do
anything for which a special or unanimous resolution of the corporation is
required).
(3) The administrator
must comply with any directions that the court may give from time to time.
(4) The remuneration
of an administrator will be fixed by the court and is payable from the
corporation's funds.
(5) The administrator
may, by written instrument, delegate any of his or her powers.
(6) A delegation under
subsection (5)—
(a) may
be made on such conditions as the administrator thinks fit; and
(b) is
revocable at will; and
(c) does
not derogate from the power of the administrator to act in any matter
personally.
(7) A person to whom
powers have been delegated under subsection (5) who has a direct or
indirect pecuniary interest in any matter in relation to which he or she
proposes to exercise delegated powers must disclose the nature of the interest
in writing to the administrator.
Maximum penalty: $15 000.
(8) It is a defence to
a charge of an offence against subsection (7) to prove that the defendant
was not, at the time of the alleged offence, aware of his or her interest in
the matter.
(9) A person
who—
(a) is
appointed as an administrator; or
(b) is
removed or replaced as an administrator,
must, within 14 days, give the Registrar-General written notice of his or her
appointment, removal or replacement together with such supporting evidence as
the Registrar-General requires.
(10) The
Registrar-General must file the notice with the plan of community division.