Meaning of electable person
41B Meaning of electable person
A person is an electable person for a body corporate if—
the person is an individual—
who is a proprietor; or
who is a company nominee of a corporation that is a proprietor; or
who is not a proprietor but is nominated for election by a proprietor who is an individual; and
neither the person nor an associate of the person, other than an associate mentioned in section 26B(2)(a) or (b), owes a relevant body corporate debt to the body corporate or an associated body corporate; and
neither the person nor an associate of the person—
is a body corporate manager for the body corporate or an associated body corporate; or
is a party to a service arrangement or letting arrangement (however called) with the body corporate or an associated body corporate; or
is a party to another agreement or arrangement with the body corporate or an associated body corporate under which services or amenities are provided to proprietors.
Example of services or amenities—
a utility service
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