47
CurrentUnits are personal property
Part 3Units issued in respect of covered vehicles
Division 4Property in units
47 Units are personal property
(1)
A unit is personal property and, subject to this Act, is transmissible by assignment, by will and by devolution by operation of law.
(2)
A unit may be extinguished in accordance with this Act.
This Act’s bill:Explanatory memorandumSecond reading speech
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