reg 20
In forceWhen election of members of executive committee must be held
Part 2Provisions about land trusts
Division 2Rules of land trusts
Subdivision 3Rule about filling executive offices
20 When election of members of executive committee must be held
(1)
This section applies to a land trust if the land trust’s total income from all sources for a financial year is more than $20000.
(2)
The land trust must, within 2 years after the end of the financial year, hold an election of members of the land trust to elect the members of its executive committee.
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