Singapore legislation
Section 47
Section 47
Agreement for payment to subsidiary proprietor of consideration on transfer or lease of common property
Amended by16/87
A management corporation may, pursuant to a unanimous resolution, make an agreement with a subsidiary proprietor with respect to the payment to him of the whole or any part of the consideration under any transaction proposed to be entered into by the management corporation under Part III or under a by-law referred to in section 41(8).