Page 30 - L4.3_MSB (III)-Owners and IO (esstatehunterhk.com)_Neat

Recovery of contribution from owners

under s.22

 Fixed by M.C. in accordance with DMC; and

 Payable at such times and in such manner as the M.C. may

determine

 E.g., payment by installments, time and mode of payment

 If there is no DMC

 Fixed by MC in accordance with the respective shares of the

owners

Usually required a resolution from owners’ meeting (EGM) for

approval of M.C.’s decision

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