Victorian Consolidated Legislation

Subdivision Act 1988 - SECT 32AG

Dissolution of owners corporation

32AG. Dissolution of owners corporation

If an owners corporation exercises its power under section 32(g) to dissolve
itself-

   (a)  the Registrar must not amend or cancel the plan to give effect to the
        exercise of that power unless satisfied that the owners corporation
        has no accrued or accruing debts; and

   (b)  the owners corporation is dissolved when the Registrar amends or
        cancels the plan.