Skip to main content

17.21 Amalgamations—effect On Schedule Of Interest On Destruction

In This Volume

  • 17.21 (1) If an application is made under section 269 of the Act to amalgamate 2 or more strata corporations, at least one of which is subject to a schedule of interest on destruction, the application may be accompanied by an Amended Schedule of Interest on Destruction which must show
  • (a) the interest on destruction for each strata lot in the amalgamated strata plan, and
  • (b) the aggregate of interests on destruction for all the strata lots in the amalgamated strata plan.
  • (2) If amalgamating strata corporations submit an Amended Schedule of Interest on Destruction with an application under section 269 of the Act, the Certificates of Strata Corporation required by section 269(2)(b)(v) of the Act must also state that the Amended Schedule of Interest on Destruction conforms to the amalgamation agreement.
  • (3) Section 270 of the Act applies to an Amended Schedule of Interest on Destruction referred to in subsections (1) and (2) as though that document was listed in section 267(d) of the Act.
  • (4) If amalgamating strata corporations to which subsection (1) applies do not submit an Amended Schedule of Interest on Destruction with the application under section 269 of the Act,
  • (a) the amalgamated strata corporation is not subject to a schedule of interest on destruction, and
  • (b) section 273(1) and (2) of the Act, for the purposes of section 272 of the Act, and section 278(1) and (2) of the Act, for the purposes of section 277 of the Act, apply to the amalgamated strata corporation.

[en. B.C. Reg. 289/2000, Sched., s. 2.]