Contract formalities
139 Contract formalities
In so far as the formalities of making, varying, extending, discharging or terminating a contract are concerned, a person acting under the express or implied authority of a strata company may make, vary, extend, discharge or terminate a contract in the name of or on behalf of the strata company in the same manner as if that contract were made, varied, extended, discharged or terminated by a natural person.
The making, variation, extension, discharge or termination of a contract in accordance with subsection (1) is effectual in law and binds the strata company and other parties to the contract.
This section does not affect —
section 115; or
section 151; or
the operation of a law that requires some consent or sanction to be obtained, or some procedure to be complied with, in relation to the making, variation, extension, discharge or termination of a contract.
[Section 139, formerly section 34, amended, renumbered as section 139 and relocated: No. 30 of 2018 s. 46 and 84.]
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