Share Blocks Control Amendment Act 26 of 1988

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26 of 1988

The Share Blocks Control Amendment Act 26 of 1988 intends:

to amend the Share Blocks Control Act, 1980, so as
to provide that the consent of the Minister of Agriculture shall be obtained for the operation of share block schemes on agricultural land;
to regulate the duties of a share block developer in connection with the opening of a sectional title register;
to further regulate the sale of shares conferring a right to or an interest in the use of immovable property occupied by certain lessees; and
to further regulate the liability for damages in case of a failure to insure the immovable property of a share block company; and
to provide for matters connected therewith.

1 October 1988