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capital whose members are the owners. 1998, c. 19, s. 5 (1).

Name

(2)

The land registrar shall assign a name to each corporation in accordance with the

regulations made under this Act. 1998, c. 19, s. 5 (2).

Note: On a day to be named by proclamation of the Lieutenant Governor, subsection (4) is

repealed and the following substituted:

Name

(2)

A name shall be assigned to each corporation in accordance with the regulations made under

this Act, if any, or the instructions of the Director of Titles if there are no such regulations. 2012,

c. 8, Sched. 9, s. 3.

See: 2012, c. 8, Sched. 9, ss. 3, 6.

Other Act

(3)

The

Corporations Act

does not apply to the corporation. 1998, c. 19, s. 5 (3).

Same

(4)

Subject to the regulations made under this Act, the

Corporations Information Act

applies to the corporation. 1998, c. 19, s. 5 (4).

Types of corporations

6. (1)

Corporations under this Act consist of the following types:

1. Freehold condominium corporations.

2. Leasehold condominium corporations. 1998, c. 19, s. 6 (1).

Types of freehold corporations

(2)

Freehold condominium corporations consist of the following types:

1. Common elements condominium corporations.

2. Phased condominium corporations.

3. Vacant land condominium corporations.

4. Standard condominium corporations that are not any of the corporations mentioned in

paragraphs 1, 2 and 3. 1998, c. 19, s. 6 (2).

Restriction on registration

(3)

A declaration and description shall not be registered unless the registration would

create a freehold condominium corporation or a leasehold condominium corporation. 1998, c. 19,

s. 6 (3).

Indication in declaration

(4)

The declaration shall state,

(a) whether the corporation is a freehold condominium corporation or a leasehold

condominium corporation; and

(b) if the corporation is a freehold condominium corporation, the type of freehold

condominium corporation that it is. 1998, c. 19, s. 6 (4).