First statutory general meeting
65 First statutory general meeting
An original subdivision owner for the initial subdivision of land by registration of a community titles scheme must, within 3 months after that registration, convene a general meeting of the community corporation for the scheme.
The original subdivision owner must do so even if the original subdivision owner is no longer a member of the community corporation and even if there are no other members of the community corporation.
If there is another member of the community corporation, a member of the community corporation may convene the meeting if the original subdivision owner fails to do so.
The first statutory general meeting is to be conducted as an annual general meeting of the community corporation and the obligations that would usually fall on the community corporation fall instead on the original subdivision owner.
The person who convenes the meeting is to preside at the meeting or nominate someone to preside at the meeting.
This Act’s bill:Explanatory memorandumSecond reading speech
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