264 Calculation Of Unit Entitlement And Voting Rights Following Amendment

264 (1) If a strata plan amendment under section 259, 262 or 263 changes unit entitlement, a new Schedule of Unit Entitlement must be established in accordance with section 246 by using the same formula for calculations that was used to establish the Schedule of Unit Entitlement that is being replaced.
(2) If a strata plan amendment under section 259, 262 or 263 changes voting rights, a new Schedule of Voting Rights must be established in accordance with section 247 or 248 by using the same formula for calculations that was used to establish the Schedule of Voting Rights that is being replaced.
(3) If a strata plan amendment will result in a residential strata lot having less than one vote or more than one vote, a Schedule of Voting Rights in the prescribed form setting out the number of votes per strata lot must be established even if the strata plan does not have at least one nonresidential strata lot.
(4) Despite section 247(2)(a)(i), a Schedule of Voting Rights established under this section may provide that a residential strata lot has less than one or more than one vote.
(5) If an amendment to a Schedule of Unit Entitlement under section 261 changes unit entitlement, a new Schedule of Unit Entitlement must be established in accordance with section 246 by using the same formula for calculations that was used to establish the Schedule of Unit Entitlement that is being replaced.
(6) Each of the following must be submitted to the superintendent for approval:

1998-43-264, effective July 1, 2000 (B.C. Reg. 43/2000); 2002-22-21, effective June 21, 2002 (B.C. Reg. 149/2002).