Commentary

127.3 The role of the court

COMMONHOLD vol 8(1)
| Commentary

127.3 The role of the court

| Commentary

127.3 The role of the court

Termination may be decided on by less than 100% of the unit-holders. If less than all of them agree, the termination proposals must be approved by the court as being just and beneficial1.

Even if all the unit-holders have approved the termination and the terms of the termination statement they may find that their wishes for the basis on which the commonhold is to be terminated are not carried out. The termination statement must be approved by the liquidator, and if it is not, must be referred to the court. The court

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