127 (1) Upon registration of a notice of termination under section 122 or 123, Note: On a day to be named by proclamation of the Lieutenant Governor, subsection 127 (1) of the Act is amended by striking out the portion before clause (a) and substituting the following: (See: 2015, c. 28, Sched. 1, s. 110 (1)) Effect of registration (1) Upon registration of a notice of termination under section 122 or 123, then, subject to the regulations, (a)  this Act ceases to govern the property; (b)  the owners are tenants in common of the land and interests appurtenant to the land described in the description in the same proportions as their common interests; (c)  claims against the land and the interests appurtenant to the land described in the description, that were created before the registration of the declaration and description that made this Act applicable to the land, are as effective as if the declaration and description had not been registered; (d)  encumbrances against each unit and common interest, that were created after the registration of the declaration and description that made this Act applicable to the unit, are claims against the interests of the owner in the land and interests appurtenant to the land described in the description and have the same priority as they had before the registration of the notice of termination; and (e)  all other claims against the property that were created after the registration of the declaration and description that made this Act applicable to the property are extinguished. 1998, c. 19, s. 127 (1). Note: On a day to be named by proclamation of the Lieutenant Governor, subsection 127 (1) of the Act is amended by striking out “and” at the end of clause (d), by adding “and” at the end of clause (e) and by adding the following clause: (See: 2015, c. 28, Sched. 1, s. 110 (2)) (f)  the other consequences, if any, that are prescribed shall come into effect. Same, sale or expropriation (2) Upon the registration of a deed and a certificate under section 124 or upon expropriation under section 126, Note: On a day to be named by proclamation of the Lieutenant Governor, subsection 127 (2) of the Act is amended by striking out the portion before clause (a) and substituting the following: (See: 2015, c. 28, Sched. 1, s. 110 (3)) Same, sale or expropriation (2) Upon the registration, in accordance with the regulations, of a deed and a certificate mentioned in subsection 124 (3) or upon expropriation under section 126, then, subject to the regulations, (a)  this Act ceases to govern the property being sold or expropriated, as the case may be; (b)  claims against the land and interests appurtenant to the land, that were created before the registration of the declaration and description that made this Act applicable to the land, are as effective as if the declaration and description had not been registered; and (c)  claims against the property being sold or expropriated, as the case may be, that were created after the registration of the declaration and description that made this Act applicable to that property, are extinguished. 1998, c. 19, s. 127 (2). Note: On a day to be named by proclamation of the Lieutenant Governor, subsection 127 (2) of the Act is amended by striking out “and” at the end of clause (b), by adding “and” at the end of clause (c) and by adding the following clause: (See: 2015, c. 28, Sched. 1, s. 110 (4)) (d)  the other consequences, if any, that are prescribed shall come into effect. Section Amendments with date in force (d/m/y) 2015, c. 28, Sched. 1, s. 110 - not in force