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An act of parliament to provide for the division of buildings into units to be owned by individual proprietors and common property to be owned by proprietors of the units as tenants in common and to provide for the use and management of the units and common property and for connected purposes.
Sectional property. Designated trademarks and brands are the property of their respective owners. The sectional properties act 1987 is a law which was borrowed from another country without the benefit of customizing it to our local needs and practices. Land surveying under the public land survey system plss a section is an area nominally one square mile 2 6 square kilometers containing 640 acres 260 hectares with 36 sections making up one survey township on a rectangular grid.
Section 1231 property is a type of property defined by section 1231 of the u s. Section 1231 property is real or depreciable business property held for more than one year.
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