(1) In so far as the
formalities of making, varying, extending, discharging or terminating a
contract are concerned, a person acting under the express or implied authority
of a strata company may make, vary, extend, discharge or terminate a contract
in the name of or on behalf of the strata company in the same manner as if
that contract were made, varied, extended, discharged or terminated by a
natural person.
(2) The making,
variation, extension, discharge or termination of a contract in accordance
with subsection (1) is effectual in law and binds the strata company and other
parties to the contract.
(3) This section does
not affect —
(a)
section 115; or
(b)
section 151; or
(c) the
operation of a law that requires some consent or sanction to be obtained, or
some procedure to be complied with, in relation to the making, variation,
extension, discharge or termination of a contract.
[Section 139, formerly section 34, amended,
renumbered as section 139 and relocated: No. 30 of 2018 s. 46 and 84.]