82 Acquisition And Disposal Of Personal Property By Strata Corporation

82 (1) The strata corporation may acquire personal property for the use of the strata corporation.

• (2) The strata corporation may sell, lease, mortgage or otherwise dispose of personal property.
• (3) The strata corporation must obtain prior approval by a resolution passed at an annual or special general meeting of an acquisition or disposal of personal property if the personal property has a market value of more than

• (a) an amount set out in the bylaws, or
• (b) $1 000, if the bylaws are silent as to the amount.

• (3.1) The resolution referred to in subsection (3) must be passed

• (a) by a majority vote, in the case of personal property acquired or disposed of for a purpose related to
  • (i) the installation, operation, maintenance or repair of EV charging infrastructure, or
  • (ii) the management of electricity used by EV charging infrastructure, or
• (b) by a 3/4 vote, in the case of personal property acquired or disposed of for any other purpose.

• (4) This section does not apply to the acquisition or disposal of an investment instrument referred to in section 95(2).

1998-43-82, effective July 1, 2000 (B.C. Reg. 43/2000); 2023-21-6, effective May 11, 2023.