271 Effect Of Amalgamation

271 On and after the date the registrar deposits the reference or explanatory plan,

• (a) the amalgamating strata corporations are amalgamated and are continued as one strata corporation under the name endorsed on the amalgamation agreement,
• (b) the amalgamated strata corporation is seized of, and holds and possesses, the property, rights and interests and is subject to the liabilities and obligations of each amalgamating strata corporation,
• (c) the bylaws of the amalgamated strata corporation are the Standard Bylaws except to the extent that different bylaws have been filed with the registrar under section 269, and
• (d) each owner in each amalgamating strata corporation is bound by the terms of the amalgamation agreement.

1998-43-271, effective July 1, 2000 (B.C. Reg. 43/2000).