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The Alberta Government passed Bill 53 on March 26th, 2021 which allows Corporations to hold virtual meetings, including Condominium Board Meetings as well as Annual General Meetings (AGM). This new legislation was much needed since the pandemic started however, what has been unclear is how exactly Corporations hold these meetings; for example, how to establish a quorum or ensure voting integrity.
Since there was no guide or direction on how simple agenda items such as voting is going to work, Magnum York Property Management has created a guide to help navigate the world of virtual AGMs.
To read a copy of our virtual AGM guide, visit: introducing.magnumyork.com/get-virtual-agm-guide
Read our previous blog post, breaking down what this new legislation means for Condo Boards and Owners: Condominium Virtual AGMs (Annual General Meetings) Legal in Alberta as of March 26th, 2021.
Table of Contents
Can Corporation’s Delay/Cancel Their AGM?
Since Bill 53 has passed, Corporations can no longer cancel or delay their AGM’s due to the COVID-19 restrictions. Legally, Corporations have to hold an AGM within 15 months of the last one. As a response to the pandemic, this requirement was put on hold however, now that there is an option for virtual AGM’s, the hold has been lifted and they must go ahead.
One exception is if the Corporation bylaws specifically prohibit meeting and voting electronically. If this is the case, the bylaws would need to be amended to allow for virtual meetings.
Magnum York’s Guidance For Virtual AGM’S
The guide’s purpose is to help the Board understand how to run an AGM virtually and accept electronic votes. Magnum York Property Management provides recommendations on video conferencing platforms, electronic voting resources, and roles and responsibilities to run a smooth virtual AGM.
To read a copy of our virtual AGM guide, visit: introducing.magnumyork.com/get-virtual-agm-guide
References:
- Read a copy of Magnum York’s Guidance for Virtual AGMs: introducing.magnumyork.com/get-virtual-agm-guide
- Magnum York’s blog: Condominium Virtual AGMs (Annual General Meetings) Legal in Alberta as of March 26th, 2021
- 2021 Bill 53: https://docs.assembly.ab.ca/LADDAR_files/docs/bills/bill/legislature_30/session_2/20200225_bill-053.pdf
- Alberta Government Publication regarding General Meetings: https://open.alberta.ca/publications/general-meetings-for-condominium-corporations
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