Singapore legislation
Clause 19
Clause 19
Amendment of section 24
Section 24 of the principal Act is hereby amended by deleting subsection (2) thereof and substituting therefor the following: —“(2) Where a subsidiary proprietor’s interest is subject to a registered mortgage, the powers of voting conferred on him by the First Schedule to this Act —
shall, in any case where an unanimous resolution is required, be exercised by the mortgagee first entitled in priority either personally or by proxy; and
in any other case, may be exercised by the subsidiary proprietor unless the mortgagee first entitled in priority has at any time prior to the said meeting given written notice to the management corporation of its intention to exercise the said powers of voting and in such event the powers of voting shall not be exercised by the subsidiary proprietor when the mortgagee is present personally or by proxy at the general meeting.”.