Terminating a Condominium Corporation On Consent
From Riverview Legal Group
| Caselaw.Ninja, Riverview Group Publishing 2021 © | |
|---|---|
| Date Retrieved: | 2024-11-05 |
| CLNP Page ID: | 2203 |
| Page Categories: | [Condominium Law] |
| Citation: | Terminating a Condominium Corporation On Consent, CLNP 2203, <>, retrieved on 2024-11-05 |
| Editor: | Sharvey |
| Last Updated: | 2023/05/15 |
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Condominium Act, 1998, S.O. 1998, c. 19[1]
122 (1) A corporation shall register a notice terminating the government of the property by this Act if,
- (a) the owners of at least 80 per cent of the units, at the date of the vote, vote in favour of termination; and
- (b) at least 80 per cent of those persons who, at the date of the vote, have registered claims against the property, that were created after the registration of the declaration and description that made this Act applicable to the property, consent in writing to the termination. 1998, c. 19, s. 122 (1); 2015, c. 28, Sched. 1, s. 105 (1).
- (2) The notice of termination shall be in the form prescribed by the Minister, shall be signed by the authorized officers of the corporation and shall include a certificate stating that the persons described in clause (1) (b) have consented in writing to the termination. 1998, c. 19, s. 122 (2).
References
- ↑ 1.0 1.1 Condominium Act, 1998, S.O. 1998, c. 19, <https://www.ontario.ca/laws/statute/98c19>, retrieved 2023-05-15
