277 Appointment Of Liquidator

277 (1) To appoint a liquidator to wind up the strata corporation, a resolution to cancel the strata plan and appoint a liquidator must be passed by an 80% vote at an annual or special general meeting.

• (2) A liquidator must have the qualifications of a liquidator that are required by the Business Corporations Act.
• (3) The resolution must give the name and address of the liquidator and approve all of the following:

• (a) the cancellation of the strata plan;
• (b) the dissolution of the strata corporation;
• (c) the surrender to the liquidator of each owner’s interest in
  • (i) land shown on the strata plan,
  • (ii) land held in the name of or on behalf of the strata corporation, but not shown on the strata plan, and
  • (iii) personal property held by or on behalf of the strata corporation;
• (d) an estimate of the costs of winding up;
• (e) the interest schedule referred to in section 278.

1998-43-277, effective July 1, 2000 (B.C. Reg. 43/2000); 2003-70-294, effective March 29, 2004 (B.C. Reg. 64/2004); 2015-40-51, effective July 28, 2016 (B.C. Reg. 206/2016).