South Australian Current Acts

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COMMUNITY TITLES ACT 1996 - SECT 117

117—Disposal of excess money in funds

If, in the opinion of a community corporation, more money than is required by the corporation is held in the administrative fund or the sinking fund, the excess may, by special resolution of the corporation, be—

            (a)         transferred to the other fund; or

            (b)         distributed between the owners of the community lots in proportion to the lot entitlements of their respective lots.



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