25 Condominium Corporation Condominium corporation
constituted a corporation under the name "Condominium
Corporation No. " and the number to be specified is the
number given to the plan on registration.
(2) A corporation consists of all those persons
(a) who are owners of units in the parcel to which the
condominium plan applies, or
(b) who are entitled to the parcel when the condominium
arrangement is terminated pursuant to section 60.
(3) Without limiting the powers of the corporation under this or
any other Act, a corporation may
(a) sue for and in respect of any damage or injury to the
common property caused by any person, whether an owner
or not, and
(b) be sued in respect of any matter connected with the parcel
for which the owners are jointly liable.
(4) Nothing in this Act shall be construed so as to prohibit a
corporation from acting by means of agents or its employees.
(5) The Companies Act and the Business Corporations Act do not
apply to a corporation.
RSA 2000 cC-22 s25;2024 c20 s1(13)
RSA 2000