21 Spending Restrictions

21 (1) A person may not spend the strata corporation’s money unless the person has been delegated the power to do so in accordance with these bylaws.

• (2) Despite subsection (1), a council member may spend the strata corporation’s money to repair or replace common property or common assets if the repair or replacement is immediately required to ensure safety or prevent significant loss or damage.

1998-43-Sch. 21, effective July 1, 2000 (B.C. Reg. 43/2000).