sec.81DGeneral meeting—economic reasons resolution

sec.81D General meeting—economic reasons resolution

This section applies if a body corporate for a community titles scheme prepares a pre-termination report. The body corporate must give each lot owner a copy of the pre-termination report at least 90 days before it holds a general meeting to consider a motion about whether economic reasons for termination exist. The motion must state the economic reasons for termination established by the pre-termination report. At the general meeting the body corporate may, by majority resolution, pass an economic reasons resolution. s 81D ins 2023 No. 29 s 7 (sec.81D-ssec.1) This section applies if a body corporate for a community titles scheme prepares a pre-termination report. (sec.81D-ssec.2) The body corporate must give each lot owner a copy of the pre-termination report at least 90 days before it holds a general meeting to consider a motion about whether economic reasons for termination exist. (sec.81D-ssec.3) The motion must state the economic reasons for termination established by the pre-termination report. (sec.81D-ssec.4) At the general meeting the body corporate may, by majority resolution, pass an economic reasons resolution.