26 Jan 2005
MOK PING CHEONG ADOLF AND ANOTHER v. THE INCORPORATED OWNERS OF MA’S MANSION
- Citation
- MOK PING CHEONG ADOLF AND ANOTHER v. THE INCORPORATED OWNERS OF MA’S MANSION
- Court
- Lands Tribunal
- Case number
- LDBM339/2004
Once owners have incorporated, the corporation may legitimately maintain its own bank account under s20 and management fees may be deposited into the IO's account; paragraph 3 of the Seventh Schedule does not require continued use of a manager's account after incorporation. The HK$30 levy was a valid contribution to a special fund under Seventh Schedule paragraph 4 and was properly resolved by owners in general meeting.