Hometime

Hometime · Alberta legislation

CPA Condominium Property Act

CPA · Condominium Property Act

38.1 Operating account

Current to 2026-05-14 · Official PDF

Subject to the regulations, a corporation shall, from funds
levied under section 39(1)(a) or (c), establish and maintain an
operating account to be used to provide sufficient funds for
(a) the control, management and administration of the real and
personal property of the corporation, the common property
and managed property, and
(b) the payment of any other obligation of the corporation,
that are not required to be paid out of the reserve fund.
2014 c10 s30;2024 c20 s1(19)