Koopratifi

Is there any legal requirement for a minimum number of members to be present at a meeting before any decisions regarding strata fee payments can be made?

Can the developers of the complex appoint themselves as co-operative management, or can owners vote and appoint their own management?

Thank you in advance.

Unless otherwise stipulated by the co-operative's articles of association, no specific quorum was required for the co-operative general assemblies by the Co-operatives Act, except the first meeting for which the number of participants should not be less than half of the shareholders.

Yet, Cooperatives Act necessitated the consent of 3/4 of the total shareholders for a general assembly in which the aggravation of the personal liabilites and or additional fiscal burdens are in question on the part of the shareholders.

Co-operative management is handled by the board of directors, the body members of which are elected by the first general assembly by a majority of the votes.