Author: Wesley Graham – STBB
31 January 2017
SPECIAL GENERAL MEETING FOR A SECTIONAL TITLE SCHEME
In a sectional title scheme, there are two types of member meetings, namely the annual general meeting (AGM) and a special general meeting (SGM). A SGM is usually held to debate and approve unanimous or special resolutions relating to matters that arose after the AGM.
The trustees have the right to call a SGM by way of a written notice. The notice must specify the place, date and time of the meeting. Generally the written notice period is 14 days, but if a unanimous or special resolution is proposed, the notice period is 30 days. It is important to comply with the rules for calling a meeting before any decisions are taken at the SGM, in order for those decisions to be valid.
For more information or assistance, contact your conveyancer at STBB.