Page 42 - L4.3_MSB (III)-Owners and IO (esstatehunterhk.com)_Neat
P. 42

Comparison b/w the provisions in





               re inspection of books of account






               Manager (without IO)                                          Management Committee (IO)


          •    Para. 2(5), Sch 7 (mandatory DMC                             •      Paras. 1A, 1B, & 1C, Sch 6
               covenants)
                                                                                 (based on s27(1), statutory
                                                                                 requirement)




                                                                            • Request by not less than 5%

          •    Any owner                                                         of owner (automatic); or




                                                                            • Court (LT) application by
          •    Court (LT) has jurisdiction to determine
               whether the manager is bound to disclose                          any person or owner 
               the accounts but no power to order for                            good faith & proper
               disclosure (c.f., Sch 6)
                                                                                 purpose



                                                                            • Scope: IO‘s account
          •    Scope: manager’s account





                                                                                                                            Total: 58   42
   37   38   39   40   41   42   43   44   45   46   47