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This Act is current to October 29, 2024 | |||
See the Tables of Legislative Changes for this Act’s legislative history, including any changes not in force. |
Part 2 — The Strata Corporation
2 (1) From the time the strata plan is deposited in a land title office,
(a) a strata corporation is established, and
(b) the owners of the strata lots in the strata plan are members of the strata corporation under the name "The Owners, Strata Plan [the registration number of the strata plan]".
(2) Subject to any limitation under this Act, a strata corporation has the power and capacity of a natural person of full capacity.
3 Except as otherwise provided in this Act, the strata corporation is responsible for managing and maintaining the common property and common assets of the strata corporation for the benefit of the owners.
4 The powers and duties of the strata corporation must be exercised and performed by a council, unless this Act, the regulations or the bylaws provide otherwise.
Contents | Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8 | Part 9 | Part 10 | Part 11 | Part 12 | Part 13 | Part 14 | Part 15 | Part 16 | Part 17 | Schedule of Standard Bylaws
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