120 (1) Subject to the regulations, two or more leasehold condominium corporations or two or more freehold condominium corporations of the same type may amalgamate by registering a declaration and description amalgamating the corporations if, (a)  the board of each amalgamating corporation has held a meeting in accordance with subsections (2) and (3); (b)  the owners of at least 90 per cent of the units of each corporation as of the date of that corporation’s meeting have, within 90 days of the meeting, consented in writing to the registration of the declaration and description; and Note: On a day to be named by proclamation of the Lieutenant Governor, clause 120 (1) (b) of the Act is amended by striking out “within 90 days of the meeting” and substituting “within 120 days of the meeting or such other time that is prescribed”. (See: 2015, c. 28, Sched. 1, s. 104 (1)) (c)  the corporations have complied with all prescribed requirements. 1998, c. 19, s. 120 (1); 2015, c. 28, Sched. 1, s. 146 (1). Meeting of owners (2) The board of each amalgamating corporation shall call a meeting of owners for the purpose of considering a declaration and description amalgamating the corporations. 1998, c. 19, s. 120 (2). Notice of meeting (3) The board shall give the owners a notice of the meeting which shall include, (a)  a copy of the proposed declaration and description of the amalgamated corporation and a copy of the proposed budget for the corporation’s first year of operation; (b)  a copy of all proposed by-laws and rules of the amalgamated corporation; (c)  a certificate as to the status for each amalgamating corporation in the form prescribed by the Minister; (d)  for each amalgamating corporation, the auditor’s report on the last annual financial statements of the corporation, if it is not included in the certificate mentioned in clause (c); and (e)  all additional statements and information that the regulations require. 1998, c. 19, s. 120 (3); 2015, c. 28, Sched. 1, s. 146 (1). Loss of owner’s right to consent (3.1) An owner is not entitled to consent under clause (1) (b) if any contributions to the common expenses payable for the owner’s unit are in arrears for 30 days or more during the 120 days or other time period mentioned in that clause. 2015, c. 28, Sched. 1, s. 104 (2). Payment of arrears (3.2) An owner who, under subsection (3.1), is not entitled to consent may consent after the corporation receives payment of the arrears with respect to the owner’s unit. 2015, c. 28, Sched. 1, s. 104 (2). Signing of declaration (4) The declaration of an amalgamated corporation shall not be registered unless the officers of each amalgamating corporation who are duly authorized to sign on behalf of the corporation have signed the declaration. 1998, c. 19, s. 120 (4). Part VIII not applicable (5) Part VIII does not apply to an amalgamation carried out under this section but does apply to an amalgamated corporation after the registration of its declaration and description. 1998, c. 19, s. 120 (5). Section Amendments with date in force (d/m/y) 2015, c. 28, Sched. 1, s. 104 (1) - not in force; 2015, c. 28, Sched. 1, s. 104 (2) - 01/11/2017; 2015, c. 28, Sched. 1, s. 146 (1) - 01/09/2017