Canada:
BC's First-Ever Strata Wind-Up Under New Law
29 December 2016
Clark Wilson LLP
To print this article, all you need is to be registered or login on Mondaq.com.
Unanimous owner agreement is no longer required to wind-up a
strata corporation in BC. The new threshold is 80%, as per new law
which came into force in July. Owners of a Vancouver condo became
the first in BC to dissolve their strata corporation without 100%
owner support. Featured in Business in Vancouver,
Darren Donnelly discusses this first vote as well as the
complexities facing strata corporations considering dissolution. Learn more.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Corporate/Commercial Law from Canada
Corporate Update
Carters Professional Corporation
The Ontario Business Registry of the Ontario Ministry of Public and Business Service Delivery ("Ministry") released a notice on April 3, 2024 that the Articles of Amalgamation under the Ontario...
Out Of Context, Out Of Luck
Lenczner Slaght LLP
In Coco Intl Inc v Green Infrastructure Partners Inc, the Ontario Superior Court addressed an application ordering the release of $40 million of escrow funds.