LAND (COMPULSORY SALE FOR
REDEVELOPMENT)
- (a) paid into the Tribunal pursuant to a direction given under subsection (6)(b); and
- (b) not yet released pursuant to subsection (7) on the expiration of 3 years beginning with the date on which such proceeds were paid into the Tribunal,
shall be paid into the general revenue, and, in any such case, section 11(7)(b) and (c) shall apply in relation to the proceeds with all necessary modifications.
(9) In any case of doubt or difficulty or in any matter not provided for under this Ordinance, the trustees under an order for sale, or the majority owner or any minority owner of the lot the subject of the order, may apply to the Tribunal for directions.
(10) The Tribunal may make an order amending an order for sale by appointing a new trustee or trustees either in substitution for or in addition to any existing trustee or trustees under the order for sale (even though there is no existing trustee)—
- (a) upon the application of the trustees under the order for sale or the majority owner or minority owner of the lot; and
- (b) if the Tribunal is of the opinion that it is expedient to do so.
(11) The remuneration referred to in subsection (1)(c)(ii) to be paid to the trustees under an order for sale shall be paid by the majority owner of the lot the subject of the order.
(12) Where—
- (a) an application under section 3(1) is made by a majority owner consisting of 2 or more persons; and
- (b) any of those persons (or if the undivided share in the lot owned by any such person has been assigned, his successor in title) informs the Tribunal, at any time before an order for sale, if any, is made on the application, that he no longer wishes to be a party to the application,
then the application shall thereupon be deemed to be withdrawn irrespective of the percentage of undivided shares in the lot the subject of the application owned by the other persons or their successors in title (if applicable) who wish to remain as parties to the application.
(13) Where the Tribunal refuses to make an order for sale, the majority owner in the application made under section 3(1) shall, as soon as practicable thereafter, cause the registration referred to in section 3(3)(b) of the application to be vacated under section 20 of the Land Registration Ordinance (Cap. 128).
5. Lot to be sold by auction or other means and default on payment by the purchaser of the lot
(1)Where an order for sale is granted and the trustees under the order have complied with section 7(1) in respect of the lot the subject of the order—
