2.—(1) Subject to sub-paragraphs (2) and (3), a management corporation —| (a) | constituted by no more than 2 subsidiary proprietors; | | (b) | constituted by 3 subsidiary proprietors for a strata title plan with 4 lots; | | (c) | for a strata title plan with no more than 3 lots; or | | (d) | constituted by any number of subsidiary proprietors who are joint subsidiary proprietors of all the lots in the strata title plan, |
| shall be exempt from section 27(1) of the Act if the management corporation by a resolution by consensus resolves that it wishes to be so exempted. |
| (2) The exemption shall have effect from the date of the resolution. |
(3) If —| (a) | the resolution is revoked; or | | (b) | the management corporation ceases to come within any of the descriptions in sub-paragraph (1)(a), (b), (c) and (d), |
| the exemption shall cease to have effect on the expiry of the period of 6 months from the date of such revocation or cessation, as the case may be. |
[G.N. No. S 645/2006] |
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