On 26/05/2013,
you requested for the version in force on 26/05/2013
incorporating all amendments published on or before 26/05/2013.
The closest version currently available is that of 15/07/2010.
66.
—(1) Subject to subsection (3), a managing agent for a management corporation may be appointed —
(a)
by the management corporation by ordinary resolution; or
(b)
by the council of the management corporation without a general meeting if duly authorised to do so by the subsidiary proprietors at the last preceding general meeting of the management corporation.
(2) Any managing agent appointed under subsection (1) by a management corporation shall hold office until —
(a)
the conclusion of the third annual general meeting of the management corporation after his appointment;
(b)
the expiry of the term of his appointment; or
(c)
the termination of his appointment in accordance with this section,
whichever first occurs.
(3) The fees and expenses of a managing agent shall be fixed —
(a)
where the managing agent is appointed under subsection (1)(a), by the management corporation at a general meeting or, if so authorised by the subsidiary proprietors at the last preceding general meeting, by the council of the management corporation; or
(b)
where the managing agent is appointed under subsection (1)(b), by the council of the management corporation without a general meeting.
[47/2007]
(4) A managing agent who is in any way, directly or indirectly, related to a subsidiary proprietor of a lot in the subdivided building concerned shall declare in writing the nature of his relationship prior to his appointment.
(5) A managing agent who retires from office shall be eligible for reappointment.
(6) A management corporation may terminate the appointment of its managing agent under this section at any time in accordance with the terms of the appointment —
(a)
if authorised by ordinary resolution at a general meeting; or
(b)
without a general meeting if authorised by its subsidiary proprietors at the last preceding general meeting.
[LT(S)A, s. 68]