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December 14, 2008

Comments

Altissima

In our Owners Corporation, we also require a quorum of over 50%, which we never reach. We have the following rule:
"The annual general meeting can still go ahead without a quorum but it can only make ‘interim decisions’.
The owners corporation can act on interim decisions after 29 days only if:
• no petition of owners representing 25% of the total lot entitlements has been received; or
• no notice of a special general meeting has been received."
No decisions made the AGM have ever been challenged, because those who are too apathetic to attend the meeting or arrange a proxy, are unlikely to to put together the required petition or call a special general meeting to protest.

iBeth

Your solution sounds like a good one, Altissima. Thanks for stopping by!

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