COMMUNITY TITLE ACT 2001 - SECT 84 Dissolution of bodies corporate on amalgamation

COMMUNITY TITLE ACT 2001 - SECT 84

    (1)     When scheme A and scheme B are amalgamated, the bodies corporate for the schemes are dissolved.

    (2)     On dissolution of the bodies corporate for the schemes, the rights and liabilities of the bodies corporate for the schemes vest in the body corporate for scheme C.

    (3)     Body corporate assets for scheme A and scheme B (including land and other body corporate assets registered or otherwise held in the name of a dissolved body corporate) vest in the body corporate for scheme C, and may be dealt with by that body corporate as if they were registered or otherwise held in its name.

    (4)     If the amalgamation is authorised under a court order, subsections (2) and (3) have effect subject to the order.