Strata Management Licensing Practice Exam · Question
What is the typical minimum percentage of eligible voting strata owners required to achieve a quorum for an Annual General Meeting (AGM) in many Canadian provinces, assuming specific provincial legislation does not state otherwise for a particular matter?
Many provincial condominium or strata acts, such as Ontario's Condominium Act, 1998, set the quorum for a meeting of owners at 25% of the voting units, unless o
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Question: What is the typical minimum percentage of eligible voting strata owners required to achieve a quorum for an Annual General Meeting (AGM) in many Canadian provinces, assuming specific provincial legislation does not state otherwise for a particular matter?
Answer options:
- 10% ✅ 25%
- 33.3%
- 50%
Correct answer: 25%
Explanation: Many provincial condominium or strata acts, such as Ontario's Condominium Act, 1998, set the quorum for a meeting of owners at 25% of the voting units, unless otherwise specified for certain types of resolutions or by the corporation's bylaws.
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