Acts and Regulations

C-16.05 - Condominium Property Act

Section 55
Disposition versions

Full text
Termination after substantial damage
55(1)If the owners do not vote to repair under subsection 49(3), the corporation shall submit a notice of termination in the prescribed form to the Director within 10 days after the vote, and the Director shall approve the notice for registration.
55(2)If the owners do not vote within the time limit in subsection 49(3), the corporation shall submit a notice of termination in the prescribed form to the Director within 10 days after the expiry of the time limit, and the Director shall approve the notice for registration.
Termination after substantial damage
55(1)If the owners do not vote to repair under subsection 49(3), the corporation shall submit a notice of termination in the prescribed form to the Director within 10 days after the vote, and the Director shall approve the notice for registration.
55(2)If the owners do not vote within the time limit in subsection 49(3), the corporation shall submit a notice of termination in the prescribed form to the Director within 10 days after the expiry of the time limit, and the Director shall approve the notice for registration.