Section 27
ActIn forceProvision 27 of 70
Section 27
(1)
On the certification of a strata plan by the Commissioner, the original proprietor of the lot to which the plan relates shall become a strata corporation.
(2)
Thereafter the proprietor for the time being of all the units comprised in the strata plan shall, by virtue of this Act, be the strata corporation.
(3)
The strata corporation shall have the designation “Strata
Corporation Number” (the registered number and Registry of the strata plan).
(4)
The strata corporation shall have perpetual succession and a common seal.
Strata corporation to be body corporate.