Premier Doug Ford has now declared that July 24th was the end of the emergency period and a new Bill 195 has been passed allowing the Premier to continue to extend emergency orders every 30 days over the next two years.
What does this mean for condo corporations who are waiting to schedule AGMs and what about holding meetings virtually?
Bill 190, which we wrote about in our previous post, sets out the timelines for AGMs. The timelines are based on when the declared emergency period ends. We now know this date is July 24th, 2020.
So here are the dates and timing:
- If the last date to hold your AGM is between March 17th and July 24th, 2020-you can hold your meeting up to and including October 22, 2020
- If the last date to hold your AGM falls between July 25th and August 24th, 2020, you can hold your AGM up to and including November 21, 2020.
For those Corporations that happen to have a year end at the end of February – you unfortunately just missed being captured in the extension period, and you only have until August 31, 2020 to hold your AGM. Virtual meetings are booking up quickly so this is something that you should be looking at now.
What about holding virtual meetings and using electronic voting?
All owners meetings (not just AGMs) may be held virtually (online) and electronic voting may be used, without a virtual meeting and electronic voting by-law, up until November 21, 2020.
However, make sure to add a Virtual meeting and Electronic voting by-law to your agenda at your meeting so you can continue to hold virtual meetings, even if you plan on having in-person meetings. Remember that this by-law only requires a majority vote at a meeting as long as you have a quorum of 25 percent of the voting units. Since electronic votes count towards quorum, owners are not required to attend the virtual meeting at the time scheduled as long as they vote ahead of the meeting.
We are turning around the preparation of this bylaw within 24 hours of contacting our office to meet the needs of our clients. Contact us at info@lashcondolaw.com and we would be pleased to assist you.
