Holding general meetings
30 Holding general meetings
A land trust must hold an annual general meeting as soon as practicable after the end of each financial year.
However, a land trust need not hold a meeting under subsection (1) if—
the land trust’s total income from all sources for the financial year is not more than $20,000; and
the land trust was not required, under its rules, to hold an election in the financial year for members of its executive committee; and
the executive committee of the land trust considers there are no items of business for an annual general meeting.
A land trust may hold a special general meeting at any time.
A general meeting must be called and held in the way required under the rules of the land trust.
Subsection (4) is subject to section 31.
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