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215 (1) On termination of all of the strata lot leases, the leasehold strata plan must be cancelled and the strata corporation must be wound up in accordance with Part 16.

  • (2) A leasehold strata plan may only be cancelled and the strata corporation wound up on termination of all the strata lot leases.

1998-43-215, effective July 1, 2000 (B.C. Reg. 43/2000).