Definition : Insurance - Liability insurance of the General Meeting Officers

Insurance intended to cover the General Meeting Officers of the syndicate in relation with the consequences of their liability, more particularly in relation with damages suffered by the co-owners as a consequence of faults committed in the execution of their duties. It is usually subscribed by the syndicate and the premiums appurtenant thereto are common expenses.

 

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The appointment of general meeting officers is a necessity for holding any general meeting of co-owners. The range of titles and offices of general meeting officers is diversified: president, vice-president, meeting secretary, and possibly scrutineer. Like any other person, general meeting officers may engage their personal liability if they do not observe a duty of care and diligence in the performance of their duties. They are - whether remunerated or not- therefore exposed to legal proceedings in the event of a breach of their obligations. Depending on the circumstances, this could be the case, for example, if the president of the meeting takes a wrongful decision during the course of the meeting, and that his decision causes a prejudice to one or more co-owners.  
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