London Real Estate - Are Condo Owners entitled to see AGM Minutes?

The Grants get asked over and over about what records can been seen by condo owners. Gerry Hyman explains this extremely well. If you have any questions regarding your condominium, please give us a call or email sales@the-grants.com

Have a great day;

Hyman: Request for AGM minutes cannot be refused

November 19, 2010 Gerry Hyman
SPECIAL TO THE STAR

 

Q: I have asked to examine the minutes of our recent annual general meeting. Management advised that the minutes will not be available until after they are approved at the next AGM approximately one year from now. Is that correct?

A: There is no reason for the minutes to be withheld on the basis that they haven’t been approved. Owners will see the unapproved minutes when they are sent out with the notice of the next AGM. The minutes constitute a record of the corporation and an owner is entitled to examine them and to request copies subject to the payment of a reasonable fee for labour and copying charges. Management could append a note stating that the minutes are subject to approval at the next owners’ meeting.