Hoa Bylaws Template With Formulas In Kings
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A corporation can remove a board member by ordinary resolution and appoint another person in that member's place for the remainder of the term. Check your registered bylaws for further guidance or restrictions. For example, some bylaws will allow condo board members to be re-elected and serve consecutive terms.
Pass a resolution. Society members must pass a special resolution authorizing any change to the society's objectives or by-laws, to amalgamate with another society or to continue to another province or country. Get an Alberta NUANS report. Fill out the forms. Send the forms to Corporate Registry.
For example, condo owners have access to common areas, can vote on matters and can sue developers or condo corporations for breaches. inium ownership also means there are certain responsibilities, such as paying their condo fees on time and following the inium bylaws and rules.
If the corporation changes existing bylaws not in conflict with the Act or Regulation, or adds new bylaws, then it can only do so by special resolution. If a bylaw is successfully changed, withdrawn, or replaced, the amendment must be filed with the Land Titles Office.
Annual general meeting (AGM) The first AGM must be held within 12 months of the condo plan registration. A condo corporation is then required to hold an AGM every year, within 15 months of the previous AGM.
Bylaws are created pursuant to the inium Property Act (Alberta) (the “CPA”) and its Regulation. Bylaws are formal, legally binding documents of a inium corporation that provide a breakdown of its governance and operations.
If the corporation changes existing bylaws not in conflict with the Act or Regulation, or adds new bylaws, then it can only do so by special resolution. If a bylaw is successfully changed, withdrawn, or replaced, the amendment must be filed with the Land Titles Office.
Section 67 of the inium Property Act provides for broad court-ordered remedies in cases of “improper conduct” by, among others, inium corporations. When a court is satisfied that improper conduct has taken place, it may do a number of things to cause that improper conduct to cease.
