Transcription of SECTIONAL TITLE BODY CORPORATE RULES
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SECTIONAL TITLE BODY CORPORATE RULES
SECTIONAL TITLE BODY CORPORATE RULES . An analysis of the various types of RULES and a comparison with other types of regulation, leading to an examination of short-term letting RULES . 1. REQUIREMENT FOR BODY CORPORATE RULES . The SECTIONAL Titles Schemes Management Act, No. 8 of 2011 ("the STSM Act") requires that all schemes, as from the date of establishment of their bodies CORPORATE , must be regulated and managed by means of 2. FOUR TYPES OF RULES . The STSM Act allows a scheme developer or a body CORPORATE to make: management RULES , conduct RULES , exclusive use RULES , and RULES that modify the variable effects of the participation quotas 2. 3. NATURE OF RULES . Historically there has been debate as to the nature of body CORPORATE RULES ( RULES ). The STSM. Act deals definitively with this issue.
7.4. compile and keep a complete set of all rules, including an index and a prominent reference to any rules that: 7.4.1. confer exclusive use rights, 7.4.2. vary the effects of the participation quotas in regard to the value of votes or the liability for contributions, or 7.4.3. impose a financial or a maintenance obligation on members11.
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