- Buying a Condo?
- Condos' Financial Structure
- Owners' Money Facts
- Owners’ Meetings and Voting
- Boards of Directors
- Owners' Rights and Responsibilities
- Managers and Management Companies
- Common Problems of Condo Living
- Condo Act, Declaration, Rules, and By-Laws
- What Should Be Done to Improve Condo Governance and Help Owners?
- FAQs About Your Building & Your Unit
- Condo Auditors & Lawyers
- Condos & Insurance
- Tenants & Landlords
- Are Condos Family Friendly?
- Links and Bibliography
Requisitioned meetings are special meetings. They are usually called or requisitioned by owners or by a board member or the entire board. For instance, if 3 of 5 board members suddenly resign, then the remaining two board members have to call a meeting as soon as possible because no board quorum exists and no business can be carried out. In such a situation, the remaining board members cannot appoint directors because they themselves no longer constitute a board: New board members need to be elected by owners as directors can be appointed by the board only when a quorum of directors remains.
Meetings are generally requisitioned by owners when:
- a new rule is presented by the board and a number of owners disagree with it;
- a board posts a notice to the effect that an existing rule is changed or is eliminated and a number of owners want it to remain;
- some owners want to obtain more information from the board or have the board hear their concerns;
- owners wish to vote against a board's decision to install a new system or proceed with an improvement that goes beyond 10% of the budget;
- some owners want to remove a director from the board or want to remove the entire board.
In the latter case, the petitioning owners would need to have a slate of competent replacement candidates willing to be on the board to replace the others.
How To Requisition a Special Meeting of Owners?
Please click on the next section.