morality, the SEC has the power to refuse registering the persons as directors of the association. When it is apparent that the board of directors, directors or members of the associations undertake any
5. Asset valuation no restrictions - the appraisers have experiences + expertise in valuation of infrastructure assets; - a renewal of asset valuation is required every three year 6. Unit holder
+ expertise in valuation of infrastructure assets; - a renewal of asset valuation is required every three year 6. Unit holder meetings no restrictions a yearly unit holder meeting is mandatory, a resolution of
Valuation of infrastructure assets The codes on valuation of the infrastructure assets under IFF are summarized as follows: Appraisers: juristic persons with relevant experience/expertise. A valuation of