Definition : Board of directors - Rendering of account

Presentation  by the members of the Board of Directors, during the general meeting or the transitional meeting which consists in reporting on the actions carried out, decisions taken and the amounts disbursed by the Board of Directors during a given period.

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The presence of a Board of Directors is mandatory in a co-ownership. It is the executive body of the syndicate and its legal representative. Its members act as the mandataries of the syndicate. When a co-ownership is newly constituted, the declaration of co-ownership generally provides for the appointment of a interim director, who exercises the functions of the Board of Directors until the Meeting of co-owners appoints a new board of directors. Consequently, the obligations related to administration, listed below, apply to this director.  Its appointment Usually, it is the developer who designates him, in accordance with a provision in the declaration of co-ownership (By-laws of the Immovable). Often he appoints one of his  representatives to act as the interim director of the syndicate.
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Whatever building chosen, all co-owners, without exception, are expected to participate to the 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 Meetings will vary according to circumstances. This factsheet is an overview of the various types of Meetings that may be held in a co-ownership:
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