If there are reasonable grounds to believe that an immediate unapproved expenditure is required to prevent significant loss or damage, whether physical or otherwise, a strata corporation may spend the minimum needed to prevent significant loss or damage. Owners must be informed of such expenditure as soon as is feasible. 1
Notes:
- Strata Property Act, SBC 1998, c.43, s.98(3), (5) and (6) ↩
