Property Time-Sharing Control Act, 1983 (Act No. 75 of 1983)

2. Formalities in respect of contracts
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(1)No alienation of a time-sharing interest shall, subject to the provisions of section 9, be of any force or effect unless it is contained in a contract signed by the parties thereto or by their agents, acting on their written authority.

 

(2)The provisions of subsection (1) relating to signature by the agent of a party acting on the written authority of the party, shall not derogate from the provisions of any law relating to the making of a contract in writing by a person professing to act as agent or trustee for a company not yet formed, incorporated or registered.