The change of the industry Committee was unsuccessful. Does the money in the account need to be handed over to the neighborhood Committee?

If the change of the committee is unsuccessful, the neighborhood committee will temporarily replace the industry committee, which will no longer manage the community business and will not have to pay the community property fee to the industry committee, and the neighborhood committee will manage the community instead of the industry committee.

Industry Committee refers to the executive body of the owners' congress, which is composed of representatives elected by the owners in the property management area. By implementing the decisions of the owners' congress, it represents the interests of the owners, reflects the wishes and requirements of the owners to all sectors of society, and supervises and assists the property service enterprises or other managers in fulfilling the property service contract. Do not have independent legal personality.