Owners' Corporation
An Owners' Corporation is a legal entity formed under the Building Management Ordinance by the owners of a private building. Owners' corporations are statutory bodies vested with certain legal powers to facilitate the management of a building. At the end of March 2004, there were 7,294 owners' corporations throughout Hong Kong, among which 5,537 were formed with the assistance of the district offices.
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Famous quotes containing the word corporation:
“The nearest the modern general or admiral comes to a small-arms encounter of any sort is at a duck hunt in the company of corporation executives at the retreat of Continental Motors, Inc.”
—C. Wright Mills (1916–1962)