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10 In the period after the first conveyance of a strata lot to a purchaser but before the first annual general meeting, no contract or transaction may be entered into by or on behalf of the strata corporation with either the owner developer or a person who is not at arm’s length to the owner developer, unless the contract or transaction is approved by a resolution passed by a unanimous vote at a special general meeting.

1998-43-10, effective July 1, 2000 (B.C. Reg. 43/2000).

REGULATIONS

The Strata Property Regulation, B.C. Reg. 43/2000, is included at chapter 57 (Strata Property Regulations) in this Manual.

Phased Strata Plans

See s. 13.4(3)(a) of the Strata Property Regulation regarding the application of s. 10 of the Act to phased strata plans.

Application of Section 10

See s. 17.3(1) of the Strata Property Regulation regarding the application of s. 10 of the Act.