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The purpose of a Status Certificate is to give a potential buyer of a inium unit important information about the inium corporations assets, liabilities, and plans, so that the potential buyer can make an informed decision about whether to purchase the inium unit.
Certification status means a condition placed on an individual certificate for identification as active, deceased, denied, dropped, expired, failed, hold, idle, inactive, incomplete, pending, probation, restricted, retired, revoked, surrendered, suspended, or temporary.
Details of status certificates including what it should include can be found under section 76 of the Act. The charge limit of $100 including all applicable taxes to provide the certificate can be found under subsection 18 (4) of the Act.
A California Certificate of Status (also known as a Certificate of Good Standing) is a state-issued document that confirms the active status of a business and that the business has maintained compliance with all California business requirements, such as filing annual reports and paying franchise taxes.
Allow for Processing Time: By law, the inium corporation has up to 10 days to provide the Condo Status Certificate after receiving the written request and payment. However, in many cases, you may receive the document sooner.
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People also ask

A status certificate is a document provided by the inium corporation to buyers of resale condos that provides a snapshot of the unit as at the date that the certificate is issued.
When do you need a New York Certificate of Status? A New York Certificate of Status is required when your business expands to another state (otherwise known as a foreign qualification) and needs to register in that state as a foreign corporation or LLC.

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