Bylaws Condo Association With Board Of Directors In Kings
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FAQ
In Alberta, a inium corporation can be terminated in two ways. The first option is by passing a special resolution of the owners.
If you have a dispute with your condo board or property manager, here are some recommended steps to take to resolve the situation: 1) Speak to a member of your condo board or property management company about your concerns. 2) Write a letter to your condo board. 3) Consider your dispute resolution options.
The inium corporation can only make the owner liable for the deductible limit up to $50,000. If the deductible is $15,000, then the owner is liable for $15,000. But if the deductible is $75,000, then the owner is only liable for $50,000 (the maximum amount).
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.
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.
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.
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 If a bylaw is successfully changed, withdrawn, or replaced, the amendment must be filed with the Land Titles Office.
