New Zealand Legislation: Acts

12 Proprietors to constitute body corporate

• (1) On the deposit of a unit plan the registered proprietor of the land to which the plan relates shall become a body corporate.

  (2) Thereafter the proprietor or proprietors for the time being of all the units comprised in the unit plan shall, by virtue of this Act, be the body corporate.

  (3) The body corporate shall have the designation “Body Corporate Number   ” [the registered number and Registry of the unit plan].

  (4) The body corporate shall have perpetual succession and a common seal.

  Compare: Victoria Act, s 14