- Meeting of co-owners : Annual General Meeting (AGM)
Definition : Meeting of co-owners - Annual General Meeting (AGM)
Meeting of the co-owners that takes place once a year. It is convened each year by the Board of Directors, or under its instructions, within six months of the financial year end. However the declarations of co-ownership often shorten that period to 90 days. Also, be aware that the first annual general meeting must be held within six months after the syndicate of co-ownership is constituted.
The General Meeting of the co-owners is one of the two decision-making bodies of the syndicate. You should be aware that co-ownership life implies that the co-owners or their representatives meet, occasionally, to discuss and vote upon important decisions. This occurs at General Meetings of the co-owners, which is the prime democratic body in the co-ownership. Their conduct obeys certain rules of form and content. An overview of the various specific aspects of General Meetings of the co-owners.
A General Meeting of the co-owners cannot take place without an agenda. To deliberate in accordance with the Law, co-owners should be able to become aware, before the General Meeting, of the questions on the agenda. This the reason why it should be annexed to the notice of call, usually prepared by the Board of Directors (Board). It contains all the questions to be tabled for deliberation during the General Meeting. This document must be clear and unambiguous to avoid legal challenges. An overview of the various specificities of the agenda.
23 février 2019 - Proposé par le RGCQ, l’Atelier est une activité de formation qui mélange pratique et théorie afin d’aider à ancrer les apprentissages. À l’aide de mises en situation et d’activités pratiques, vous apprendrez et mettrez en application des notions au sujet d’une thématique précise.
Venez découvrir comment faire pour réussir son assemblée générale annuelle. Première étape : être bien préparé! L’assemblée générale annuelle est une étape majeure dans la vie de la copropriété. Pour s’assurer une soirée sans encombre, une bonne préparation est indispensable.
9 mars 2019 - Le Regroupement des gestionnaires et copropriétaires du Québec vous propose un atelier pour répondre à toutes vos interrogations et pour vous donner les clés d'une assemblée générale annuelle. L’Atelier est une activité de formation qui mélange pratique et théorie afin d’aider à ancrer les apprentissages. À l’aide de mises en situation et d’activités pratiques, vous apprendrez et mettrez en application des notions au sujet d’une thématique précise.
Whatever building chosen, all co-owners, without exception, are expected to participate to the General Meetings of co-owners. Thus they can vote on the questions on the agenda, and take various decisions necessary for the sound operation of the co-ownership. These General Meetings will vary according to circumstances. This factsheet is an overview of the various types of General Meetings that may be held in a co-ownership:
The resolutions of the General Meeting of the co-owners are adopted or rejected, as the case may be, if a majority is reached or not. Depending on the repercussions such resolutions may have on the co-ownership, the majority required will be more or less difficult to achieve. The General Meeting of the co-owners adjudicates at two different majority levels: absolute majority and double majorities (enhanced majorities).
A question often arises whether a co-owner can modify the agenda received with his notice of call to the Annual General Meeting, either before or during the General Meeting?
The General Meeting of co-owners is governed by strict legal rules that you should know about. In principle the General Meeting deliberates only on the questions inscribed on the agenda before holding the General Meeting. Otherwise, any decision taken upon a question illegally placed on the agenda is null and void and may be subject to a legal challenge.