Condominium Act

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period not exceeding three years for which it is to be paid. 1998, c. 19, s. 56 (2).
Borrowing by-law
A corporation shall not borrow money for expenditures not listed in the budget for the
current fiscal year unless it has passed a by-law under clause (1) (e) specifically to authorize the
borrowing. 1998, c. 19, s. 56 (3).
Assessment appeal
If the board has made a by-law under clause (1) (f), the corporation shall have the
capacity and authority to appeal under section 40 of the Assessment Act on behalf of owners but
shall not be liable for an alteration in the assessment of a unit or for any other matter relating to
the appeal, except for the costs of the appeal. 2008, c. 7, Sched. A, s. 18.
Same
Despite a by-law made under clause (1) (f), on written notice to the board and to the
Assessment Review Board given before the hearing of an appeal under section 40 of the
Assessment Act, an owner may withdraw an appeal that the corporation has made on the owner’s
behalf. 2008, c. 7, Sched. A, s. 18.
By-laws to be reasonable
The by-laws shall be reasonable and consistent with this Act and the declaration. 1998,
c. 19, s. 56 (6).
Same, proposed by-laws
By-laws proposed by the declarant before the registration of a declaration and
description shall be reasonable and consistent with this Act and the proposed declaration. 1998,
c. 19, s. 56 (7).
Inconsistent provisions
If any provision in a by-law or a proposed by-law is inconsistent with the provisions of
this Act, the provisions of this Act shall prevail and the by-law or proposed by-law, as the case
may be, shall be deemed to be amended accordingly. 1998, c. 19, s. 56 (8).
Registration
For each by-law of a corporation, an officer of the corporation shall certify a copy of
the by-law as a true copy and the corporation shall register the copy in,
(a) the land titles division of the land registry office within the boundaries of which
division the land described in the description is situated, if the land registry office has
a land titles division; or
(b) the registry division of the land registry office within the boundaries of which division
the land described in the description is situated, if the land registry office does not
have a land titles division. 1998, c. 19, s. 56 (9).
When by-law effective
A by-law is not effective until,
(a) the owners of a majority of the units of the corporation vote in favour of confirming it,
with or without amendment; and
(b) a copy of it is registered in accordance with subsection (9). 1998, c. 19, s. 56 (10).