Condominium Property Regulation s. 8

Each sheet of a plan presented for registration as a
condominium plan is to be endorsed in the upper right-hand corner
with the words, "sheet of sheets", with the appropriate
numbers filled in.
(1) When a corporation holds securities of a body corporate in
which the corporation has properly invested money under this
Schedule, the corporation may concur in any compromise, scheme
or arrangement
(a) for the reconstruction of the body corporate or for the
winding-up or sale or distribution of its assets,
(b) for the sale of all or any part of the property and
undertaking of the body corporate to another body
corporate,

Schedule 2 AR 168/2000
(c) for the amalgamation of the body corporate with another
body corporate,
(d) for the release, modification or variation of any rights,
privileges or liabilities attached to the securities or any of
them, or
(e) whereby
(i) all or a majority of th e shares, stock, bonds,
debentures and other securities of the body corporate,
or of any class of them, are to be exchanged for
shares, stock, bonds, debentures or other securities of
another body corporate, and
(ii) the corporation is to accept the shares, stock, bonds,
debentures or other securities of the other body
corporate allotted to the corporation pursuant to the
compromise, scheme or arrangement,
in like manner as if the corporation were entitled to the securities
beneficially and may, if the securities are in all other respects
reasonable and proper investments, accept any securities of any
denomination or description of the reconstructed or purchasing or
new body corporate instead of or in exchange for all or any of the
original securities.
(2) A corporation is not responsible for any loss occasioned by any
act or thing done in good faith under subsection (1) and the
corporation may, if the securities accepted under subsection (1) are
in all other respects reasonable and proper investments, retain them
for any period for which the corporation could have properly
retained the original securities.
(1) Subject to subsection (2), a member of the board is to be
elected at an annual general meeting for a term expiring at the
conclusion of the annual general meeting convened in the 2nd year
following the year in which the member was elected to the board.
(2) At the meeting convened under section 29 of the Act to elect
the first board,
(a) not more than 50% of the members of the board shall be
elected for a term expiring at the conclusion of the annual
general meeting convened in the year following the year
in which they were elected, and
(b) the balance of the members shall be elected for a term
expiring at the conclusion of the annual general meeting
convened in the 2nd year following the year in which they
were elected.
(3) Each member of the board shall remain in office until
(a) the office becomes vacant und er section 28.1(1) of the Act
or section 9,
(b) the member resigns,
(c) the member ceases to be a member of the board under
section 28.1 of the Act, or
(d) the member's term of office expires,
whichever comes first.

CPA Condominium Property Act

8 Numbering of plan sheets